Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion.
Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including the governments of 45 countries and over 50% of the Fortune 100.
The acquisition bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond.
The need for a holistic and global cyber defence has never been greater. As new technologies are introduced and adopted, there is a rising risk of cyber threats. In 2024 alone, cybercrime is projected to cost $9.2 trillion globally[1].
Recorded Future provides real-time visibility into potential threats by analysing a broad set of data sources to provide insights that enable its customers to take action to mitigate risks.
This ability, coupled with Recorded Future’s use of AI and other best-in-class technologies, will add to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.
“Trust is the foundation of any relationship. Recorded Future adds to how we deliver that greater peace of mind before, during and after the payment transaction,” said Craig Vosburg, Chief Services Officer at Mastercard.
“Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place – in payments and beyond.”
Both Mastercard and Recorded Future use AI to analyse billions of data points to identify potential threats, helping to protect people and businesses.
“Fifteen years ago, we created Recorded Future with a simple goal to secure the world with intelligence,” continued Christopher Ahlberg, CEO of Recorded Future.
“By joining Mastercard, we see an opportunity to help more businesses and governments determine the steps to realise their full potential – and to enable everyone to feel safer in their daily lives.”
The transaction, which is anticipated to close by Q1 2025, is subject to regulatory review and other customary closing conditions.
[1] Statista: Global cybercrime estimated cost 2028 | Statista
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