Sunday, December 22, 2024

Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future

  • Mastercard plans to acquire US-based threat intelligence platform Recorded Future for $2.65 billion.
  • The deal, with Insight Partners (which acquired Recorded Future in 2019 for $780 million), is expected to close by Q1 2025, pending regulatory approval.
  • The acquisition will enhance Mastercard’s identity, fraud prevention, real-time decisioning, and cybersecurity services, offering expanded threat intelligence capabilities.
  • Recorded Future, founded in 2009, provides real-time cyber threat insights using AI to analyze data from the deep web, social media, and other sources.
  • The platform serves over 1,900 clients across 75 countries, including 45 national governments.
  • Mastercard’s Craig Vosburg says the acquisition enhances security measures before, during, and after transactions.
  • Christopher Ahlberg, CEO of Recorded Future, says the acquisition will broaden the company’s intelligence strategy and scale its business.

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