Mastercard Acquires Recorded Future for $2.65 Billion to Boost AI Cybersecurity

Sep 12, 2024, 11:24 AM

Mastercard has agreed to acquire threat intelligence company Recorded Future for $2.65 billion. This acquisition is part of Mastercard's strategy to enhance its services revenue and strengthen its defense of the global digital economy. The deal underscores Mastercard's commitment to leveraging advanced technologies, including AI, to bolster cybersecurity. The acquisition, announced on Thursday, is expected to help Mastercard outpace its competitors, such as Visa, in growth while maintaining low volatility risk.