Payment giant Mastercard has completed its acquisition of Recorded Future, a cybersecurity firm specialising in threat intelligence and AI-powered analytics.
The acquisition, valued at US$2.65 billion, was first announced in September this year.
Mastercard stated that the acquisition will bolster its cybersecurity services, which focus on assessing cyber risks, protecting the digital ecosystem, and building trust for businesses and individuals worldwide.
Recorded Future’s technology is expected to help improve AI models and provide actionable insights for smarter threat detection and response.
The acquisition will enable Mastercard to offer enhanced services and intelligence to a broader customer base, as well as increase the effectiveness of existing cybersecurity tools and solutions.
It also aims to serve different customer sets with insights tailored to their needs.
“As the world becomes more digitised, 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.”
said Johan Gerber, Executive Vice President, Security Solutions at Mastercard.
Featured image credit: Edited from Freepik
