Major payment company master card has completed its acquisition of Recorded Future, a cybersecurity company specializing in threat intelligence and AI-powered analytics.
The acquisition, worth USD 2.65 billion, announced In September of this year.
Mastercard said the acquisition strengthens its cybersecurity services focused on assessing cyber risks, protecting digital ecosystems, and building trust for businesses and individuals around the world.
Recorded Future’s technology is expected to help improve AI models and provide actionable insights for smarter threat detection and response.
This acquisition will enable Mastercard to provide enhanced services and intelligence to a broader customer base, increasing the effectiveness of existing cybersecurity tools and solutions.
We also aim to provide insights tailored to the needs of different customer groups.
“As the world becomes more digital, there is an increasing focus on protecting every interaction and transaction from evolving cyber threats.
By adding Recorded Future’s AI-powered threat intelligence capabilities to our cybersecurity services, identity solutions, and real-time fraud scoring, we will be able to better support our customers in these efforts. ”
said Johan Gerber, Executive Vice President of Security Solutions at Mastercard.
Featured image credit: Edited from freepic
