New CEO for NuData Security — Mastercard promotes Vancouver co-founder

Christoper Bailey has been promoted to CEO of NuData Security after co-founding the firm specializing in fraud management in 2007 | submitted

What happened: Mastercard appoints new CEO to lead Vancouver subsidiary

Why it matters: NuData Security is keeping the executive transition close to home, with the promotion of its co-founder

Mastercard Inc. (NYSE: MA) is topping up the executive ranks of a Vancouver-based subsidiary with the appointment of a new CEO.

Christopher Bailey has been handed the reins to NuData Security, the tech firm specializing in fraud management and security he co-founded in 2007.

In addition to assuming the CEO role at NuData Security, the parent company also announced June 26 it was promoting Bailey to vice-president of EMV (Europay, MasterCard, Visa)/digital devices at Mastercard.

Bailey has been serving as chief technology office and senior vice-president of NuData Security prior to the CEO appointment.

He takes over from retiring co-founder Michel Giasson.

Giasson previously led the company for 12 years, shepherding it through Mastercard’s acquisition of NuData Security in 2017.

NuData Security isn’t the first company Bailey has co-founded.

He previously launched gaming company H20, which was later acquired by Network Associates, Inc.

Bailey’s new job sees him supervising a firm that develops products to identify potential fraudulent activity based on users’ online interactions.

NuData Security analyzes about 400 billion interactions annually.