Mastercard and Cyber Monks, a Germany-based managed security services distributor, have launched a new cyber marketplace that aims to simplify the acquisition of cybersecurity solutions.

This partnership between Cyber Monks and Mastercard will allow SME businesses to access the latest suite of RiskRecon by Mastercard cybersecurity solutions, which include analysis and reporting of third-party risk and supply chains, tailored to the needs of their business from an online marketplace.

SME businesses can access the new marketplace here and find evaluations of their cybersecurity stance; evaluation of their supply chains and third-party vendors to enable them to secure their supply chain; and assistance in adhering to compliance standards such as ISO 27001, the Digital Operational Resilience Act (DORA), and Network and Information Systems Regulations (NIS).

Cyber Marketplace a Unique Venture for Cyber Monks

This venture is the first of its kind for Cyber Monks, offering a white-labeled cyber marketplace with co-branding opportunities. This allows MSPs, telecom companies and financial institutions to present these solutions to their customers.

This platform functions on a SaaS framework, providing monthly subscriptions and accepting a range of payment options.

Anas Handous, Cyber Monks’ CEO, said his company’s strides to simplify the intricate cybersecurity marketplace have been significant.

“Now, with the co-branded online marketplace by Mastercard, we’ve leapt even further,” he said. “SMEs, service providers and their clients can effortlessly cherry-pick and subscribe to top-tier cybersecurity solutions, akin to subscribing to a beloved streaming service. We aim to reduce complexity, ensuring our clientele can readily deploy state-of-the-art cybersecurity tools against the mounting tide of cyber threats.”

In addition to the cybersecurity solutions, users can access the global support center offering assistance in German and English, with French, Spanish and Italian support due to launch in early 2024.

Mastercard credit card holders have access to exclusive deals through the Mastercard Business Bonus Program.

Rigo Van den Broeck, Mastercard’s executive vice president of cybersecurity product innovation, said in today’s digital world, “trust is the vital link between businesses and their customers.”

“Mastercard’s cybersecurity solutions provide protection to both the business, but also enable them to secure their supply chain,” he said. “By increasing the availability of our cybersecurity solutions to these SMEs, we are helping them protect their business and that vital relationship with customers.”