On September 12, 2024, Mastercardannounced its acquisition of Recorded Future, a leading global threat intelligence company, for $2.65 billion. This strategic move is aimed at enhancing Mastercard’s cybersecurity services and expanding its capabilities in protecting the digital economy. The deal, expected to close by early 2025, is subject to regulatory review.
I am thrilled to announce that @Mastercard is acquiring @recordedfuture for $2.65B. It has been an incredible journey, starting in 2007 when we wrote down the patent application for what became the Recorded Future Intelligence Platform.
Recorded Future, headquartered in Boston, is renowned for its advanced AI-driven threat intelligence platform. With a client base spanning over 1,900 organisations across 75 countries, including numerous Fortune 100 companies and government entities, Recorded Future’s integration into Mastercard’s ecosystem is set to bolster the latter’s cybersecurity infrastructure. As cyber threats continue to evolve, the acquisition is expected to play a crucial role in providing real-time threat detection and mitigation.
“Trust is the foundation of any relationship. Recorded Future adds to how we deliver that greater peace of mind before, during and after the payment transaction,” said Craig Vosburg, Chief Services Officer at Mastercard. “Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place – in payments and beyond.”
Advancing Cybersecurity Through AI
The collaboration between Mastercard and Recorded Future is anticipated to enhance Mastercard’s existing services, including identity and fraud prevention. Both companies utilise AI to analyse vast amounts of data, which will now be further amplified by this acquisition. Recorded Future’s AI-powered analytics will support Mastercard’s efforts in identifying compromised cards more quickly and accurately. Since the launch of their joint service earlier this year, there has been a notable increase in the rate of compromised card identifications.
We will continue on this mission. Same company, new owner, massive scale. Recorded Future will continue to generate intelligence at global scale, using the most advanced AI methods to turn it into gold, allowing our analysts and customers to produce the most exquisite analysis.
Christopher Ahlberg, CEO and Co-Founder of Recorded Future remarked, “By joining Mastercard, we see an opportunity to help more businesses and governments determine the steps to realise their full potential – and to enable everyone to feel safer in their daily lives.”
Looking Forward
As new technologies emerge and cyber threats become more sophisticated, the need for robust cybersecurity measures is more critical than ever. The merger will not only enhance the threat intelligence capabilities of Mastercard but also provide Recorded Future with expanded resources to grow and innovate.
Conclusion
In conclusion, this acquisition represents a significant step forward in Mastercard’s mission to fortify global digital security. By integrating Recorded Future’s advanced threat intelligence with its own services, Mastercard aims to set new standards in cybersecurity and protect its vast network of clients worldwide.
