September 20, 2024 at 08:17AM
Mastercard recently announced its acquisition of cybersecurity firm Recorded Future for $2.65 billion, marking its second-largest acquisition. Recorded Future’s threat intelligence capabilities are expected to enhance Mastercard’s security services, offering real-time analytics and AI to detect and prevent cyber threats. The move aligns with Mastercard’s focus on bolstering its AI-enabled Decision Intelligence and expanding its risk intelligence capabilities.
From the meeting notes, we can summarize that Mastercard is making a significant investment in enhancing its cybersecurity capabilities through the acquisition of Recorded Future. The acquisition is valued at $2.65 billion and is scheduled to close in the first quarter of 2025. This marks one of the largest acquisitions in Mastercard’s history and represents a substantial step towards strengthening its cybersecurity business unit.
Recorded Future boasts 1,900 customers globally, including governments and Fortune 100 companies, and holds one of the largest threat repositories in the world. Furthermore, the company’s technology integrates with various analytics tools, governance, risk, compliance, and third-party risk management.
The addition of Recorded Future’s threat intelligence capabilities is expected to provide Mastercard with greater insight, particularly in protecting digital payment transactions. The acquisition aligns with Mastercard’s continuous focus on developing AI-enabled decision intelligence and risk management capabilities, along with its commitment to leading the defense of the global digital economy.
Mastercard’s EVP of security solutions, Johan Gerber, highlights how Recorded Future’s AI capabilities will complement and enhance Mastercard’s existing products and services, particularly in the areas of identifying and prioritizing risks, as well as boosting security monitoring.
The collaboration with Recorded Future is anticipated to help Mastercard create smarter models, anticipate emerging threats, and provide real-time threat insights, aligning with the broader industry trend of companies prioritizing enhanced threat intelligence capabilities.
Overall, the acquisition of Recorded Future signifies Mastercard’s dedication to strengthening its cybersecurity posture and enhancing its ability to proactively defend against cyber threats in the evolving digital economy.