Key takeaways
- Mastercard has 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 both companies are using artificial intelligence to analyze data to look for potential cyber threats.
Mastercard (MY) has decided to strengthen its cybersecurity infrastructure by purchasing global threat intelligence company Recorded Future in private equity Insight Partners for $2.65 billion.
The credit card issuer said Thursday that the acquisition “strengthens the knowledge and intelligence used to secure today’s digital economy, in the payments ecosystem and beyond.” The company said the need for holistic, global cyber defense “has never been greater.”
The transaction is expected to close in the first quarter of next year.
AI used to analyze potential threats
Mastercard said both it and Recorded Future are using artificial intelligence (AI) analyze billions of data points to identify potential threats. He added that the combination “will enable the development of even more robust practices and foster greater synergies in cybersecurity and intelligence, strengthening the MasterCard “The brand as a sign of trust.”
Shares of Mastercard were up slightly Thursday afternoon, pushing them to all-time highs above $490.
TradingView
