Mastercard announced the acquisition of the most powerful company in cyber security for $2.65 billion
Mastercard announced the acquisition of Recorded Future, one of the world’s largest companies specializing in threat analysis. The amount of the deal is 2.65 billion dollars. About this reported Mastercard press office.
The transaction is expected to close in the first quarter of 2025, subject to regulatory review and other standard closing conditions. Mastercard points out that the need for reliable and global cyber security is becoming more and more urgent against the background of the growing risks of cyber attacks, which are exacerbated by the development of new technologies. According to forecasts, in 2024, losses from cybercrime will reach 9.2 trillion dollars worldwide.
Mastercard and Recorded Future plan to use artificial intelligence (AI) to analyze billions of data to identify potential threats, helping to protect both individuals and businesses. Combining the experience, technology and teams of both companies will contribute to the development of more effective cybersecurity solutions, strengthening Mastercard’s reputation as a trusted brand.
Currently, Recorded Future and Mastercard are already collaborating on an AI-based service that notifies financial institutions more quickly and accurately about the likelihood of payment card compromise. Since the beginning of 2024, this service has doubled the rate of detection of compromised cards compared to the same period of the previous year.
About Recorded Future: Recorded Future is one of the world’s leading threat intelligence companies. It serves more than 1,900 customers in 75 countries, including the governments of 45 countries and more than 50% of the Fortune 100 companies. Recorded Future provides real-time information about potential threats by analyzing a wide range of data sources. These capabilities, together with the use of AI and other technologies, will complement Mastercard’s services in the areas of cyber security, anti-fraud and real-time decision-making, expanding analytical capabilities for retail networks and financial institutions.
