Mastercard Invests in Continued Defense of Global Digital Economy With Acquisition of Recorded Future
Mastercard has announced its acquisition of Recorded Future, a global threat intelligence company, for $2.65 billion. This strategic move aims to enhance Mastercard's cybersecurity services and bolster the security of the digital economy. Recorded Future, serving over 1,900 clients across 75 countries, including 45 governments and more than 50% of Fortune 100 companies, will complement Mastercard's existing suite of services.
The acquisition is expected to strengthen Mastercard's capabilities in identity, fraud prevention, real-time decisioning, and cybersecurity. By leveraging Recorded Future's AI-powered analytics and real-time threat visibility, Mastercard aims to provide enhanced protection for its network of merchants and financial institutions. The deal is anticipated to close by the first quarter of 2025, subject to regulatory approval.
Mastercard ha annunciato l'acquisizione di Recorded Future, una società globale di intelligenza sulle minacce, per 2,65 miliardi di dollari. Questa mossa strategica mira a potenziare i servizi di cybersecurity di Mastercard e a rafforzare la sicurezza dell'economia digitale. Recorded Future, che serve oltre 1.900 clienti in 75 paesi, tra cui 45 governi e più del 50% delle aziende Fortune 100, completerà l'attuale offerta di servizi di Mastercard.
L'acquisizione dovrebbe rafforzare le capacità di Mastercard in identità, prevenzione delle frodi, decisioni in tempo reale e cybersecurity. Sfruttando le analisi basate sull'AI e la visibilità delle minacce in tempo reale di Recorded Future, Mastercard punta a fornire una protezione migliorata per la sua rete di commercianti e istituzioni finanziarie. Si prevede che l'accordo si chiuda entro il primo trimestre del 2025, soggetto all'approvazione regolatoria.
Mastercard ha anunciado su adquisición de Recorded Future, una empresa global de inteligencia de amenazas, por 2.65 mil millones de dólares. Este movimiento estratégico tiene como objetivo mejorar los servicios de ciberseguridad de Mastercard y fortalecer la seguridad de la economía digital. Recorded Future, que sirve a más de 1,900 clientes en 75 países, incluidos 45 gobiernos y más del 50% de las empresas Fortune 100, complementará la oferta actual de servicios de Mastercard.
Se espera que la adquisición refuerce las capacidades de Mastercard en identidad, prevención de fraudes, toma de decisiones en tiempo real y ciberseguridad. Al aprovechar el análisis impulsado por AI y la visibilidad de amenazas en tiempo real de Recorded Future, Mastercard tiene como objetivo proporcionar una protección mejorada para su red de comerciantes e instituciones financieras. Se anticipa que el acuerdo se cierre en el primer trimestre de 2025, sujeto a la aprobación regulatoria.
마스터카드는 글로벌 위협 인텔리전스 회사인 레코디드 퓨처를 26억 5천만 달러에 인수했다고 발표했습니다. 이 전략적 결정은 마스터카드의 사이버 보안 서비스를 강화하고 디지털 경제의 안전성을 높이기 위한 것입니다. 레코디드 퓨처는 75개국에서 1,900개 이상의 고객을 보유하고 있으며, 그 중 45개 정부 및 포춘 100대 기업의 50% 이상이 포함되어 있습니다. 이 회사는 마스터카드의 기존 서비스 상품에 보탬이 될 것입니다.
이번 인수는 마스터카드의 신원, 사기 예방, 실시간 의사결정 및 사이버 보안 역량을 강화할 것으로 예상됩니다. Recorded Future의 AI 기반 분석 및 실시간 위협 가시성을 활용함으로써 마스터카드는 상인 및 금융 기관 네트워크를 위한 보호를 강화하고자 합니다. 계약은 2025년 첫 분기 내에 종료될 것으로 예상되며, 규제 승인이 필요합니다.
Mastercard a annoncé son acquisition de Recorded Future, une entreprise mondiale de renseignement sur les menaces, pour 2,65 milliards de dollars. Ce mouvement stratégique vise à améliorer les services de cybersécurité de Mastercard et à renforcer la sécurité de l'économie numérique. Recorded Future, qui sert plus de 1.900 clients dans 75 pays, y compris 45 gouvernements et plus de 50 % des entreprises du Fortune 100, viendra compléter la suite de services existants de Mastercard.
L'acquisition devrait renforcer les capacités de Mastercard dans les domaines d'identité, de prévention des fraudes, de prise de décision en temps réel et de cybersécurité. En tirant parti des analyses propulsées par l'IA et de la visibilité des menaces en temps réel de Recorded Future, Mastercard vise à fournir une protection améliorée pour son réseau de commerçants et d'institutions financières. L'accord devrait être finalisé d'ici le premier trimestre de 2025, sous réserve d'approbation réglementaire.
Mastercard hat die Übernahme von Recorded Future, einem globalen Unternehmen für Bedrohungsintelligenz, für 2,65 Milliarden Dollar angekündigt. Dieser strategische Schritt zielt darauf ab, die Cybersecurity-Dienste von Mastercard zu verbessern und die Sicherheit der digitalen Wirtschaft zu stärken. Recorded Future, das über 1.900 Kunden in 75 Ländern betreut, darunter 45 Regierungen und mehr als 50 % der Fortune-100-Unternehmen, wird das bestehende Dienstleistungsangebot von Mastercard ergänzen.
Von der Übernahme wird erwartet, dass sie die Fähigkeiten von Mastercard in den Bereichen Identität, Betrugsprävention, Echtzeit-Entscheidungen und Cybersecurity stärkt. Durch die Nutzung der KI-gesteuerten Analytik und der Echtzeit-Bedrohungssichtbarkeit von Recorded Future zielt Mastercard darauf ab, besseren Schutz für sein Netzwerk von Händlern und Finanzinstituten zu bieten. Der Abschluss des Deals wird für das erste Quartal 2025 erwartet, vorbehaltlich der Genehmigung durch die Regulierungsbehörden.
- Acquisition of Recorded Future for $2.65 billion enhances Mastercard's cybersecurity capabilities
- Expands Mastercard's threat intelligence services to a broader client base, including governments and Fortune 100 companies
- Integration of AI and advanced technologies to improve threat detection and mitigation
- Potential for increased product innovation and synergies in cybersecurity and intelligence
- Opportunity for Recorded Future to grow through Mastercard's global reach and customer base
- Significant financial investment of $2.65 billion for the acquisition
- Potential integration challenges between Mastercard and Recorded Future systems and operations
- Regulatory approval process may delay the closing of the deal until Q1 2025
Insights
Mastercard's
Financially, while the acquisition price is substantial, Recorded Future's client base of 1,900 across 75 countries, including
This acquisition marks a significant shift in Mastercard's cybersecurity strategy, moving from transaction-focused security to a more comprehensive threat intelligence approach. Recorded Future's real-time threat visibility and AI-powered analytics complement Mastercard's existing security services, potentially creating a formidable defense against evolving cyber threats.
The collaboration has already shown promising results, doubling the rate of compromised card identification. This enhanced capability could significantly reduce fraud losses for Mastercard and its partners. However, the challenge lies in seamlessly integrating Recorded Future's technology across Mastercard's vast network while maintaining data privacy and regulatory compliance across different jurisdictions.
Mastercard's acquisition of Recorded Future is a strategic response to the rapidly growing cybersecurity market. With cyber threats escalating, demand for advanced threat intelligence services is surging across industries. This move positions Mastercard to capture a larger share of this expanding market, potentially diversifying its revenue streams beyond payment processing.
The deal could also enhance Mastercard's brand value as a trust mark, potentially attracting more partners and customers. However, success will depend on Mastercard's ability to effectively cross-sell Recorded Future's services to its existing client base and penetrate new verticals. Investors should watch for signs of successful integration and new product offerings resulting from this acquisition.
Global threat intelligence capabilities complement Mastercard’s existing suite of services delivering cyber resilience and trust
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
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 Craig Vosburg, Chief Services Officer at Mastercard.
Both Mastercard and Recorded Future use AI to analyze billions of data points to identify potential threats, helping to protect people and businesses. Bringing these teams, technology and expertise together will enable the development of even more robust practices and drive greater synergies in cybersecurity and intelligence, reinforcing the Mastercard brand as a trust mark.
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 Mastercard, we see an opportunity to help more businesses and governments determine the steps to realize their full potential – and to enable everyone to feel safer in their daily lives,” said Christopher Ahlberg, CEO of Recorded Future.
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 Mastercard collaborate on an AI-supported service that alerts financial institutions more quickly and with greater accuracy when a card is likely to have been compromised. Since its launch earlier this year, the service has doubled the rate in which compromised cards are identified, as compared to the same time period last year.
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 Mastercard
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com
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 Mastercard or on its behalf. Such factors related to the completion and impact of the acquisition include, but are not limited to, whether all necessary conditions will be met, and whether the transaction will close on agreed terms and in a timely manner.
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 Securities and Exchange Commission, including the company’s Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequent reports on Forms 10-Q and 8-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911437309/en/
Investor Relations: Jud Staniar, investor.relations@mastercard.com, 914-249-4565
Communications: Seth Eisen, seth.eisen@mastercard.com, 914-249-3153
Source: Mastercard Investor Relations
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