The new age of financial fraud is here. Among those leading the way when it comes to enterprise defence is Michele Centemero, Executive Vice President of Services at Mastercard Europe. Michele is responsible for leading the company’ s business development, customer success and a range of value-added services across the region. He also works closely with Mastercard’ s global teams across areas including cybersecurity, data and marketing insights, and customer acquisition and engagement. Here, Michele sheds some light on the dark world of financial and cybercrime.

» Cybersecurity is a defining challenge of the digital age. Cybercrime is predicted to exceed US $ 15.6tn by 2029, making it the world’ s third-largest economy. At the same time, the boundaries between cybercrime and financial crime are becoming increasingly blurred, with cyberattacks targeting payment systems rising sharply and global losses from remote-payment fraud expected to reach US $ 49bn by 2030.