Mastercard Acquires Insight Partners' Recorded Future for $2.65 Billion to Enhance Cybersecurity

Sep 12, 2024, 12:15 PM

Mastercard has announced its acquisition of Recorded Future, a leading threat intelligence company owned by Insight Partners, for $2.65 billion. The acquisition aims to enhance Mastercard's capabilities in protecting its global payments system. Recorded Future, known for its AI-supported services, collaborates with financial institutions to identify compromised cards, doubling the rate of identification year-over-year since its launch earlier this year. This move is part of Mastercard's broader strategy to invest in the defense of the global digital economy.