Mastercard Completes Acquisition of AI-Driven Threat Intelligence Company Recorded Future

Mastercard completes acquisition of Recorded Future

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. "As the world becomes more digitized, there's an increased focus on securing every interaction and transaction against evolving cyber threats," said Johan Gerber, executive vice president, Security Solutions at Mastercard. "Adding Recorded Future's AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts." Mastercard is committed to creating a higher standard of trust in the payment ecosystem, democratizing cybersecurity to create new opportunities for businesses in our digitally connected world. Its suite of cybersecurity services focuses on assessing cyber risk exposure, providing AI and other technology-driven innovations to protect the digital ecosystem and making continuous advancements to organize trust for people and businesses around the world. Recorded Future will add to these capabilities, providing opportunities to serve different customer sets with beneficial intelligence and actionable insights - and to enhance the effectiveness of existing products and services, making AI models even smarter.

Mastercard Finalizes Acquisition of Recorded Future

"As the world becomes more digitized, there's an increased focus on securing every interaction and transaction against evolving cyber threats," said Johan Gerber, executive vice president, Security Solutions at Mastercard. "Adding Recorded Future's AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts." Mastercard is committed to creating a higher standard of trust in the payment ecosystem, democratizing cybersecurity to create new opportunities for businesses in our digitally connected world. Its suite of cybersecurity services focuses on assessing cyber risk exposure, providing AI and other technology-driven innovations to protect the digital ecosystem and making continuous advancements to organize trust for people and businesses around the world. Recorded Future will add to these capabilities, providing opportunities to serve different customer sets with beneficial intelligence and actionable insights - and to enhance the effectiveness of existing products and services, making AI models even smarter. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. www.mastercard.com

Mastercard Finalizes Acquisition of Threat Intelligence Company Recorded Future | PYMNTS.com

Mastercard has finalized its previously announced acquisition of threat intelligence company Recorded Future. The acquisition will add threat intelligence and artificial intelligence (AI)-powered, actionable analytics to Mastercard's cybersecurity capabilities, Mastercard said in a Friday (Dec. 20) press release. It will also provide the company with opportunities to serve different customer sets and enhance the effectiveness of its existing products and services. "As the world becomes more digitized, there's an increased focus on securing every interaction and transaction against evolving cyber threats," Johan Gerber, executive vice president, security solutions at Mastercard, said in the release. "Adding Recorded Future's AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts." Mastercard announced its $2.65 billion acquisition of Recorded Future in September, saying that it expected the acquisition to become final by the first quarter of 2025, pending regulatory approval and customary closing conditions. The company described Recorded Future as "the world's largest threat intelligence company" and said it analyzes a "broad set of data sources" to provide visibility into potential threats to help customers take action to prevent risks. One of the attractions of the acquisition is the insight into consumer behaviors and potential threats that Recorded Future will bring, Gerber told PYMNTS in an interview posted Sept. 13. "By the time you get to the payment, you're almost at the last part of that digital interaction you're having as a consumer," Gerber said. "So for us to go beyond the payment really means in this specific instance, how do we look broadly across the entire digital interaction rather than specifically the payment. Now, if you think about the services that Mastercard offers today, we often talk about things that we do before the transaction, like account opening, biometrics authentication and so forth." Threat intelligence plays a crucial role in preventing, identifying and mitigating attacks, PYMNTS reported in September. By leveraging threat intelligence, businesses and financial institutions can stay ahead of cybercriminals by anticipating their tactics, techniques and procedures (TTPs). It represents one of the ways in which the tools and strategies designed to combat cyber risks are evolving along with the threat landscape.

Mastercard Finalizes Acquisition of Recorded Future By Investing.com

Enhancing its services offerings with threat intelligence and AI-powered, actionable analytics PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard (NYSE: MA) today completed its acquisition of Recorded Future. As the world becomes more digitized, there's an increased focus on securing every interaction and transaction against evolving cyber threats, said Johan Gerber, executive vice president, Security Solutions at Mastercard (NYSE:MA). Adding Recorded Future's AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts. Mastercard is committed to creating a higher standard of trust in the payment ecosystem, democratizing cybersecurity to create new opportunities for businesses in our digitally connected world. Its suite of cybersecurity services focuses on assessing cyber risk exposure, providing AI and other technology-driven innovations to protect the digital ecosystem and making continuous advancements to organize trust for people and businesses around the world. Recorded Future will add to these capabilities, providing opportunities to serve different customer sets with beneficial intelligence and actionable insights " and to enhance the effectiveness of existing products and services, making AI models even smarter. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. www.mastercard.com View source version on businesswire.com: https://www.businesswire.com/news/home/20241220165251/en/ Investor Relations: Jud Staniar, [email protected], 914-249-4565 Communications: Seth Eisen, [email protected], 914-249-3153