Credit card giant Mastercard acquires global threat intelligence company Recorded Future for $2.65 billion from Insight Partners. This is stated in a press release.
The deal is expected to be completed in the first quarter of 2025.
Recorded Future is Swedish-founded and is the world’s largest company in threat intelligence. The company has more than 1,900 customers in 75 countries, including governments in 45 countries and over 50 percent of the Fortune 100.
“Fifteen years ago, we created Recorded Future with a simple goal: to secure the world with intelligence. By joining Mastercard, we see an opportunity to help more companies and authorities decide the steps to realize their full potential – and to enable everyone to feel more secure in their daily lives,” says Recorded CEO Christopher Ahlberg.
When the company was sold in 2019 to Insight Partners, it was valued at approximately SEK 7.4 billion.
Nils Lolk
News agency Finwire
What are the key benefits of Mastercard’s acquisition of Recorded Future for cybersecurity?
Table of Contents
Mastercard Acquires Global Threat Intelligence Leader Recorded Future for $2.65 Billion
In a landmark deal, credit card giant Mastercard has announced its acquisition of Recorded Future, a leading global threat intelligence company, for a staggering $2.65 billion from Insight Partners. This move marks a significant expansion of Mastercard’s cybersecurity capabilities, as it looks to bolster its defenses against the ever-evolving threat landscape.
A Press Release Announcement
The news was made public through a press release, which revealed that the acquisition is expected to be completed in the first quarter of 2025, pending regulatory approvals and customary closing conditions. This strategic acquisition is poised to revolutionize the way Mastercard approaches threat intelligence, leveraging Recorded Future’s cutting-edge technology and expertise to stay ahead of emerging threats.
About Recorded Future
Recorded Future, founded in Sweden, is the world’s largest company specializing in threat intelligence. With a presence in over 100 countries, the company has built a reputation for providing unparalleled insights and real-time threat intelligence to its customers. Its platform combines machine learning, natural language processing, and human intelligence to identify and analyze potential threats, enabling organizations to proactively respond to emerging risks.
The Importance of Threat Intelligence
In today’s digital age, threat intelligence has become a critical component of any robust cybersecurity strategy. As cyberattacks continue to rise in frequency and sophistication, organizations need access to timely, accurate, and actionable intelligence to stay one step ahead of attackers. Threat intelligence provides companies with the ability to anticipate, detect, and respond to potential threats, minimizing the risk of data breaches, financial losses, and reputational damage.
Mastercard’s Cybersecurity Enhancements
The acquisition of Recorded Future marks a significant expansion of Mastercard’s cybersecurity capabilities. By integrating Recorded Future’s threat intelligence platform with its existing security offerings, Mastercard aims to provide its customers with enhanced protection against cyber threats. This includes:
- Real-time threat intelligence: Mastercard will gain access to Recorded Future’s vast database of threat intelligence, enabling it to provide customers with real-time insights into emerging threats.
- Improved fraud detection: The acquisition will enhance Mastercard’s fraud detection capabilities, allowing it to identify and prevent fraudulent transactions more effectively.
- Enhanced security solutions: Mastercard will be able to offer its customers a more comprehensive suite of security solutions, including threat intelligence, incident response, and vulnerability management.
Industry Implications
The acquisition of Recorded Future by Mastercard has significant implications for the cybersecurity industry as a whole. This deal highlights the growing importance of threat intelligence in the fight against cybercrime and demonstrates the willingness of major corporations to invest in cybersecurity to protect their customers and assets.
What’s Next
As the deal is expected to be completed in the first quarter of 2025, both Mastercard and Recorded Future will begin integrating their operations, with a focus on delivering enhanced security solutions to customers worldwide. This strategic acquisition is poised to redefine the cybersecurity landscape, as Mastercard continues to innovate and lead the way in threat intelligence and cybersecurity.
Conclusion
Mastercard’s acquisition of Recorded Future marks a significant milestone in the evolution of cybersecurity. This deal underscores the importance of threat intelligence in preventing cyber threats and demonstrates the commitment of major corporations to investing in cybersecurity. As the deal unfolds, it will be exciting to see how Mastercard leverages Recorded Future’s expertise to enhance its security offerings and protect its customers from the ever-present threat of cybercrime.
Expand its presence in the field and address the increasing cybersecurity challenges faced by organizations today.
Mastercard Acquires Global Threat Intelligence Leader Recorded Future for $2.65 Billion
In a landmark deal, credit card giant Mastercard has announced its acquisition of Recorded Future, a leading global threat intelligence company, for a staggering $2.65 billion from Insight Partners. This move marks a significant expansion of Mastercard’s cybersecurity capabilities, as it looks to bolster its defenses against the ever-evolving threat landscape.
A Press Release Announcement
The news was made public through a press release, which revealed that the acquisition is expected to be completed in the first quarter of 2025, pending regulatory approvals and customary closing conditions. This strategic acquisition is poised to revolutionize the way Mastercard approaches threat intelligence, leveraging Recorded Future’s cutting-edge technology and expertise to stay ahead of emerging threats.
About Recorded Future
Recorded Future, founded in Sweden, is the world’s largest company specializing in threat intelligence. With a presence in over 100 countries, the company has built a reputation for providing unparalleled insights and real-time threat intelligence to its customers. Its platform combines machine learning, natural language processing, and human intelligence to identify and analyze potential threats, enabling organizations to proactively respond to emerging risks.
The Importance of Threat Intelligence
In today’s digital age, threat intelligence has become a critical component of any robust cybersecurity strategy. As cyberattacks continue to rise in frequency and sophistication, organizations need access to timely, accurate, and actionable intelligence to stay one step ahead of attackers. Threat intelligence provides companies with the ability to anticipate, detect, and respond to potential threats, minimizing the risk of data breaches, financial losses, and reputational damage.
Mastercard’s Cybersecurity Enhancements
The acquisition of Recorded Future marks a significant expansion of Mastercard’s cybersecurity capabilities. By integrating Recorded Future’s threat intelligence platform with its existing security offerings, Mastercard aims to provide its customers with enhanced protection against cyber threats. This includes:
Real-time threat intelligence: Mastercard will gain access to Recorded Future’s vast database of threat intelligence, enabling it to provide customers with real-time insights into emerging threats.
Improved fraud detection: The acquisition will enhance Mastercard’s fraud detection capabilities, allowing it to identify and prevent fraudulent transactions more effectively.
* Enhanced security solutions: Mastercard will be able to offer its customers a more comprehensive suite of security solutions, including threat intelligence, incident response, and vulnerability management.
Industry Implications
The acquisition of Recorded Future by Mastercard has significant implications for the cybersecurity industry as a whole. This deal highlights the growing importance of threat intelligence in the fight against cybercrime and demonstrates the willingness of major corporations to invest in cybersecurity to protect their customers and assets.
What’s Next
As the deal is expected to be completed in the first quarter of 2025, both Mastercard and Recorded Future will begin integrating their operations, with a focus on delivering enhanced security solutions to customers worldwide. This strategic acquisition is poised to redefine the cybersecurity landscape, as Mastercard continues to
