Mastercard has successfully completed its acquisition of Recorded Future, a pioneer in AI-driven threat intelligence.
The acquisition marks a significant step in Mastercard’s strategy to bolster its cybersecurity framework as digital interactions continue to evolve.
Recorded Future, known for its cutting-edge AI-driven threat intelligence, has been integrated into Mastercard’s expansive cybersecurity services. This move is set to enhance Mastercard’s capabilities in fraud prevention, identity solutions, and cyber risk assessments. The deal, although not explicitly valued in the press release, is perceived as a strategic alignment to strengthen trust within the digital payment ecosystem.
Mastercard stands as a cornerstone in the financial services sector, offering a robust suite of payment and security solutions globally. The company’s dedication to advancing cybersecurity measures is evident in its continuous updates to fraud scoring and identity solutions that protect consumer and business transactions worldwide.
Recorded Future, on the other hand, specialises in providing actionable intelligence and insights that predict and mitigate potential threats. Their technology complements Mastercard’s efforts in creating safer digital environments, proving essential in today’s increasingly connected world.
The acquisition is expected to provide both Mastercard and its customers with enhanced capabilities to tackle the evolving landscape of cyber threats. It aims to democratize cybersecurity solutions, making advanced protective measures accessible to a broader audience and thus fostering new opportunities for growth and security in the digital realm.
Executive Vice President of Security Solutions at Mastercard, Johan Gerber, highlighted the acquisition’s importance, saying, “As the world becomes more digitized, there’s an increased focus on securing every interaction and transaction against evolving cyber threats. Adding Recorded Future’s AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts.”
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