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Mastercard purchases Recorded Future to improve digital payment cybersecurity.

December 27, 2024
1 Min Read

Recorded Future, a leader in AI-driven threat intelligence, has been successfully acquired by Mastercard.

As digital interactions continue to change, Mastercard's plan to strengthen its cybersecurity architecture is taking a big step forward with this purchase.

 

Mastercard's extensive cybersecurity offerings now include Recorded Future, a company renowned for its state-of-the-art AI-driven threat intelligence. This action is expected to improve Mastercard's capacity for identity solutions, fraud prevention, and cyber risk assessments. Despite not being stated in the press release, the purchase is seen as a strategic alignment to increase confidence in the ecosystem of digital payments.

 

With a comprehensive range of payment and security options available worldwide, Mastercard is a mainstay in the financial services industry. The company's ongoing upgrades to fraud scoring and identification solutions, which safeguard consumer and commercial transactions globally, demonstrate its commitment to improving cybersecurity safeguards.

 

Conversely, Recorded Future focuses on offering insights and actionable knowledge that anticipate and lessen such risks. Their technology, which is crucial in today's more interconnected world, supports Mastercard's initiatives to create safer digital environments.

 

It is anticipated that the purchase would provide Mastercard and its clients better tools to combat the constantly changing cyberthreat environment. By making cutting-edge security measures more widely available, it seeks to democratize cybersecurity solutions and open up new avenues for security and growth in the digital sphere.

 

"As the world becomes more digitalized, there is an increased focus on securing every interaction and transaction against evolving cyber threats," said Johan Gerber, Executive Vice President of Security Solutions at Mastercard, emphasizing the significance of the purchase. We can further assist our clients in these endeavors by integrating Recorded Future's AI-driven threat intelligence capabilities with our cybersecurity services, identification solutions, and real-time fraud scoring.

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