Mastercard has completed its purchase of threat intelligence company Recorded Future in a transaction that expands its portfolio of cybersecurity services with the addition of the latter’s artificial intelligence-powered analytics and threat intelligence capabilities.
“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 of security solutions at Mastercard, said in a statement published Friday.
“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,” Gerber added.
Driving AI Adoption for Threat Detection
Established in 2009, Recorded Future supports more than 1,900 businesses and government organizations across 75 countries by analyzing a set of data sources to generate and deliver threat intelligence and insights needed to help mitigate risks.
Recorded Future has advanced the use of AI-powered analytics to provide customers with real-time visibility by gleaning insights from large volumes of data and helping them address identified risks.
In September, Mastercard struck a $2.65 billion deal to acquire Recorded Future from private equity firm Insight Partners.
