Mastercard has acquired global threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion. This move is aimed at bolstering Mastercard’s cybersecurity infrastructure and strengthening its ability to identify and prevent potential cyber threats.
Both Mastercard and Recorded Future use artificial intelligence to analyze vast amounts of data in order to identify potential threats. This acquisition will allow for even more robust practices and greater synergies in cybersecurity and intelligence, further solidifying Mastercard’s reputation as a trusted brand.
The need for a strong and global cyber defense has never been greater, making this acquisition a strategic move for Mastercard. The transaction is expected to close in the first quarter of next year.
Shares of Mastercard were slightly higher following the announcement, reaching all-time highs above $490. This acquisition is a testament to Mastercard’s commitment to staying ahead of the curve in the ever-evolving landscape of cybersecurity.
