Mastercard has successfully acquired the threat intelligence company Recorded Future in a significant move that aims to enhance its cybersecurity service offerings. This acquisition introduces Recorded Future’s advanced artificial intelligence-powered analytics and threat intelligence capabilities into Mastercard’s existing portfolio. The transaction, valued at $2.65 billion, was finalised in September, drawing considerable attention in the tech and finance sectors.
In a statement released on Friday, Johan Gerber, the executive vice president of security solutions at Mastercard, articulated the necessity of this acquisition. He noted, “As the world becomes more digitized, there’s an increased focus on securing every interaction and transaction against evolving cyber threats.” Gerber further emphasized that integrating Recorded Future’s AI-driven capabilities into Mastercard’s cybersecurity framework, which includes identity solutions and real-time fraud scoring, will significantly bolster the company’s support for its clients as they navigate the complexities of modern security challenges.
Recorded Future, established in 2009, has built a robust reputation by serving more than 1,900 businesses and government entities across 75 countries. The company utilizes a comprehensive array of data sources to generate actionable threat intelligence, providing its clients with the insights necessary to manage and mitigate risks effectively. The firm’s proficiency in AI-powered analytics offers its customers real-time visibility into potential threats, allowing for proactive risk management.
The acquisition underscores a broader trend in the business landscape, where companies are increasingly integrating artificial intelligence into their operations to enhance security measures. This strategic move positions Mastercard at the forefront of cybersecurity innovation, reflecting a growing recognition of the importance of safeguarding digital transactions and interactions in an era marked by rapid technological advancement and persistent cyber threats.
Source: Noah Wire Services