Mastercard paying $2.65 billion for cybersecurity company that uses AI
- Mastercard is acquiring Recorded Future for $2.65 billion from Insight Partners, focusing on enhancing cybersecurity in the payment ecosystem.
- Craig Vosburg stated that this acquisition will improve security measures and innovation for payment transactions.
- Recorded Future's AI technology will strengthen Mastercard’s fraud prevention and cybersecurity services for merchants and financial institutions.
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Insight Sells Cyber Firm to Mastercard for $2.65 billion
Mastercard said it would acquire cybersecurity firm Recorded Future from private equity and venture capital firm Insight Partners for $2.65 billion, a sizable gain for Insight which acquired the firm in 2019 for $780 million. Mastercard says Recorded Future analyzes data to provide “real time visibility into potential threats,” a service that will complement Mastercard’s existing
Mastercard Bolsters Threat Intelligence Capabilities With $2.65 Billion Deal for Recorded Future
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