Mastercard acquires Recorded Future for $2.65 Billion

Mastercard, the American multinational payment card services corporation, announced acquiring Recorded Future, the American privately held cybersecurity company, for $2.65 Billion.

Mastercard buys Recorded Future

Mastercard bought Recorded Future as the company is running a detection process of card fraud using generative AI technology. This recent acquisition will enhance Mastercard’s capabilities in threat intelligence.

Mastercard finalized the acquisition with Insight Partners, a global venture capital and private equity firm that invests in high-growth technology, software, and Internet businesses. Insight Partners previously acquired Recorded Future in 2019 for over $780 million.

^{Mastercard bought Recorded Future as the company is running a detection process of card fraud using generative AI technology. (Shutterstock)}

It is worth noting that Recorded Future and Mastercard partnered previously to identify potential cyber threats, providing a service that alerts financial institutions when a card is at risk. Mastercard stated that the rate of identifying compromised cards has doubled since the service launched in 2023.

Mastercard and cyber security

According to Reuters, Mastercard is recently focusing on cybersecurity due to the rapid adoption of new technologies and increased risk of cyberthreats. The company is now offering advanced cybersecurity services, including fraud identification and prevention.

The recent acquisition is expected to be finalized on the first quarter of 2025 and will enhance Mastercard’s ability to effectively and successfully compete in the cybersecurity sector.