Mastercard Buying Recorded Future for $2.65 Billion
Summary
“Our identity, fraud prevention and cybersecurity services, combined with Recorded Future’s ability to gather high-value threat intelligence data, will strengthen our efforts to protect trust in the digital economy, as well as enhance the products and services we provide to customers globally — in the payments ecosystem and beyond,” Johan Gerber, Mastercard’s executive vice president of security and cyber innovation, told Channel Futures. That will bring expanded threat intelligence capabilities to Mastercards network of merchants and financial institutions. Both Mastercard and Recorded Future use AI to analyze billions of data points to identify potential threats. Mastercard said the combination will allow the development of “even more robust practices, and drive greater synergies in cybersecurity and intelligence.” In a LinkedIn post, Christopher Ahlberg, Recorded Future’s CEO, said the end result of the acquisition will be “same company, new owner, massive scale. “Recorded Future will continue to generate intelligence at global scale, using the most advanced AI tools and methods to turn it into gold, allowing our analysts and customers to mitigate risk and protect their organizations,” he said.