Mastercard has reached an agreement to acquire threat intelligence firm Recorded Future from private equity group Insight Partners for $2.65 billion.
This acquisition is expected to enhance Mastercard’s capabilities in fraud prevention, real-time decision-making, and cybersecurity services within the payments ecosystem and beyond. Boston-based Recorded Future is recognized as the world’s largest threat intelligence company, serving over 1,900 clients across 75 countries, including the governments of 45 nations and more than half of the Fortune 100 companies.
Recorded Future leverages a diverse array of data sources to provide real-time insights into potential threats, empowering customers to mitigate risks effectively. The company utilizes artificial intelligence to analyze billions of data points to detect possible threats and has collaborated with Mastercard on an AI-driven service designed to alert financial institutions when a card may have been compromised. Since its launch earlier this year, this service has doubled the rate of compromised card identification compared to the same period last year, according to Mastercard.
“Trust is the foundation of any relationship. Recorded Future enhances our ability to deliver greater peace of mind before, during, and after payment transactions. Together, we will innovate more rapidly, develop smarter models, and anticipate emerging threats before cyberattacks occur in payments and beyond,” stated Craig Vosburg, chief services officer at Mastercard.
The transaction is anticipated to finalize by the first quarter of 2025, pending regulatory approval.
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