Mastercard has acquired cybersecurity firm Recorded Future for $2.65 billion to bolster its fraud detection and cyber defense capabilities, mainly using artificial intelligence for deeper visibility into cyber risks. The acquisition aligns with Mastercard’s strategy to enhance identity verification, fraud prevention, real-time decisions, and cybersecurity services for merchants and financial institutions, providing greater security before, during, and after transactions. By integrating Recorded Future’s analytics and AI expertise, Mastercard aims to proactively detect potential cyber-attacks, addressing the growing global cybercrime threat projected to cost businesses $9.2 trillion in 2024.
Mastercard Beefs Up its Cyber Defenses With its Recorded Future Acquisition
