Mastercard is set to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion.
The payments giant said Recorded Future’s global threat intelligence capabilities complement its own existing suite of services delivering “cyber resilience and trust”.
Recorded Future provides real-time visibility into potential threats by analysing a broad set of data sources to provide insights that enable its customers to take action to mitigate risks. This ability, coupled with Recorded Future’s use of AI and other technologies, will add to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.
Both Mastercard and Recorded Future use AI to analyse “billions” of data points to identify potential threats, helping to protect people and businesses. The firms stated that bringing these teams, technology and expertise together “will enable the development of even more robust practices and drive greater synergies in cybersecurity and intelligence”.
The companies’ customers – including those in new verticals – will benefit from enhanced insights to fuel product innovation that supports greater intelligence and security. At the same time, Mastercard’s global reach and customer base opens opportunities for Recorded Future to grow.
“Trust is the foundation of any relationship,” said Craig Vosburg, chief services officer at Mastercard.
“Recorded Future adds to how we deliver that greater peace of mind before, during and after the payment transaction. Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place – in payments and beyond.”
The transaction is anticipated to close by the first quarter of 2025, subject to regulatory review and other customary closing conditions.
Founded in 2009 and based in US, Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including governments of 45 countries and over 50% of the Fortune 100.
