Mastercard acquires Recorded Future for $2.65B in cybersecurity deal.

TLDR:

– Mastercard acquired global threat intelligence company Recorded Future for $2.65 billion

– Both companies use artificial intelligence to analyze data to seek out potential cyber threats

In a move to enhance its cybersecurity infrastructure, Mastercard purchased global threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion. Both Mastercard and Recorded Future utilize artificial intelligence to analyze data and identify potential threats, aiming to strengthen cybersecurity practices and drive greater synergies in the industry. The acquisition is expected to close in the first quarter of the following year. Mastercard’s stock price reached an all-time high following the announcement of the transaction.

This strategic acquisition highlights the increasing importance of cybersecurity in the digital economy and positions Mastercard as a key player in the evolving landscape of online threats and defenses.

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