Mastercard is set to acquire threat intelligence company Recorded Future from Insight Partners for $2.65 billion.
Boston-headquartered Recorded Future is the world’s largest threat intelligence supplier with more than 1,900 customers across 75 countries, including the governments of 45 countries and over 50 percent of the Fortune 100.
Recorded Future provides visibility into potential threats by analyzing a set of data sources to provide insights that enable its customers to take action to mitigate risks. The transaction is anticipated to close by the first quarter of 2025.
Recorded Future’s use of AI and other technologies, will add to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.
Both Mastercard and Recorded Future use AI to analyze data points to identify potential threats, helping to protect people and businesses.
Mastercard, the second-largest US credit card company, uses AI technologies as a part of its digital transformation strategies. Mastercard spent nearly $835 million towards ICT in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors, says GlobalData.
