Recorded Future’s AI Threat Detection Joins Mastercard’s Cybersecurity Services
Mastercard announced its acquisition of Recorded Future, the world’s largest threat intelligence company, for $2.65 billion, aiming to strengthen its cybersecurity services and bolster the defense of the global digital economy. With over 1,900 clients across 75 countries, including governments and Fortune 100 companies, Recorded Future provides real-time insights into potential cyber threats. This acquisition, as noted in mastercard.com, will enhance Mastercard’s existing identity, fraud prevention, and cybersecurity services, ensuring greater protection for merchants and financial institutions across its network.
Recorded Future’s expertise lies in analyzing vast data sets to identify and mitigate cyber threats using AI and other advanced technologies. The integration of these capabilities into Mastercard’s ecosystem will allow both companies to innovate faster and create smarter models to anticipate and address emerging threats. Mastercard’s chief services officer, Craig Vosburg, emphasized that this partnership will provide increased peace of mind during and after transactions by improving cybersecurity across various sectors.
The acquisition not only benefits Mastercard’s global network but also opens new growth opportunities for Recorded Future, expanding its customer base and reach. The collaboration will fuel product innovation, enhance intelligence, and offer greater security insights to customers across diverse industries. By joining forces, Mastercard and Recorded Future aim to deliver stronger synergies in cybersecurity and solidify Mastercard’s reputation as a trusted name in the global financial landscape.
Recorded Future has pioneered the use of AI-powered analytics to provide accessible insights that help organizations address identified risks more efficiently. The ongoing collaboration between Mastercard and Recorded Future has already improved the identification of compromised cards, doubling the detection rate compared to the previous year. The acquisition is expected to close by the first quarter of 2025, pending regulatory approval.
read more at mastercard.com
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