Mastercard Invests in Continued Defense of Global Digital Economy With Acquisition of Recorded Future
Global threat intelligence capabilities complement
Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including the governments of 45 countries and over 50% of the Fortune 100.
The need for a holistic and global cyber defense has never been greater. As new technologies are introduced and adopted, there is a rising risk of cyber threats. In 2024 alone, cybercrime is projected to cost
Recorded Future provides real-time visibility into potential threats by analyzing a broad set of data sources to provide insights that enable its customers to take action to mitigate risks. This ability, coupled with Recorded Future’s use of AI and other best-in-class technologies, will add to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.
“Trust is the foundation of any relationship. Recorded Future adds to how we deliver that greater peace of mind before, during and after the payment transaction. Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place – in payments and beyond,” said
Both
The companies’ customers – including those in new verticals – will benefit from enhanced insights to fuel product innovation that supports greater intelligence and security. At the same time, Mastercard’s global reach and customer base opens opportunities for Recorded Future to grow.
“Fifteen years ago, we created Recorded Future with a simple goal to secure the world with intelligence. By joining
Recorded Future has been a pioneer in using AI-powered analytics to generate insights that are easily accessible to and understood by customers. The technology also increases Recorded Future customers’ efficiency and effectiveness in using the platform to inform how they address the risks identified.
Today, Recorded Future and
The transaction, which is anticipated to close by the first quarter of 2025, is subject to regulatory review and other customary closing conditions.
[1] Statista: Global cybercrime estimated cost 2028 | Statista
About
About Recorded Future
Recorded Future is the world’s largest threat intelligence company. Recorded Future’s Intelligence Cloud provides end-to-end intelligence across adversaries, infrastructure, and targets. Indexing the internet across the open web, dark web, and technical sources, Recorded Future provides real-time visibility into an expanding attack surface and threat landscape, empowering clients to act with speed and confidence to reduce risk and securely drive business forward. Headquartered in
Forward-Looking Statements
This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements. When used in this press release, the words “believe,” “expect,” “could,” “may,” “would,” “will,” “trend” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements that relate to Mastercard’s future prospects, developments and business strategies, as well as Mastercard’s acquisition and operation of Recorded Future. We caution you to not place undue reliance on these forward-looking statements, as they speak only as of the date they are made. Except for the company’s ongoing obligations under the
Many factors and uncertainties relating to the transaction, our operations and our business environment, all of which are difficult to predict and many of which are outside of our control, influence whether any forward-looking statements can or will be achieved. Any one of these factors could cause our actual results or the impact of the acquisition to differ materially from those expressed or implied in writing in any forward-looking statements made by
For additional information on other factors related to Mastercard’s overall business that could cause Mastercard’s actual results to differ materially from expected results, please see the company’s filings with the
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Source: Mastercard Investor Relations