:max_bytes(150000):strip_icc()/INV_Mastercard_CC_GettyImages-1159840868-16834fd1645e488694e3644cd2fbded3.jpg "Mastercard Buys AI Cybersecurity Firm Recorded Future For $2.65B")
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Key Takeaways
- Mastercard acquired global threat intelligence company Recorded Future.
- The credit card provider is buying Recorded Future from private equity firm Insight Partners for $2.65 billion.
- Mastercard said that both companies use artificial intelligence to analyze data to seek out potential cyber threats.
Mastercard (MA) moved to boost its cybersecurity infrastructure by purchasing global threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion.
The credit card issuer said Thursday that the acquisition “bolsters the insights and intelligence used to secure today’s digital economy—in the payments ecosystem and beyond.” The company said that the need for a holistic and global cyber defense “has never been greater.”
The transaction is expected to close in the first quarter of next year.
AI Being Used To Analyze Potential Threats
Mastercard said that both it and Recorded Future use artificial intelligence (AI) to analyze billions of data points to identify potential threats. It added that the combination “will enable the development of even more robust practices and drive greater synergies in cybersecurity and intelligence, reinforcing the Mastercard brand as a trust mark.”
Shares of Mastercard were slightly higher Thursday afternoon, sending them to an all-time highs above $490.
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