IRCOIT Research/Newsletter/Chicago, IL- Mastercard has made a major move in cybersecurity by agreeing to acquire Recorded Future from Insight Partners for a hefty $2.65 billion. This deal is set to boost Mastercard’s capabilities in threat intelligence significantly and highlights its commitment to enhancing security in the financial sector.
Recorded Future is a well-known name in threat intelligence, serving more than 600+ enterprise clients across 75 countries. Their advanced solutions provide timely and accurate alerts about potential threats. Notably, Recorded Future and Mastercard have already been working together to develop a service that uses AI to notify financial institutions quickly and accurately about compromised cards. This partnership has been key in improving transaction security and combating fraud.
With this acquisition, Mastercard will integrate Recorded Future’s sophisticated tools into its systems, strengthening its overall security infrastructure. Last year, Mastercard handled transactions worth $9 trillion, reflecting the scale of its operations. By enhancing its threat intelligence capabilities, Mastercard aims to better protect this massive volume of transactions from emerging cyber threats.
This acquisition could lead to several notable changes. For one, Mastercard’s expanded threat intelligence capabilities may give it an edge in the cybersecurity market, potentially increasing its market share. It also positions Mastercard to offer even more robust security solutions to its clients, which could attract new customers and retain existing ones.
As Mastercard brings Recorded Future into its fold, it not only bolsters its security position but also demonstrates its ongoing dedication to safeguarding transaction integrity. This move will likely impact the broader financial and cybersecurity sectors, making it an exciting development.
Stay tuned for further updates on how this acquisition will shape the future of security in financial transactions and its broader market implications.
About IRCOIT Technologies-
We are expertise in market research, competitor analysis, market growth analysis, business-to-business database, GTM (Go-To-Market) Data, Tech Install Database, primary & secondary research, tech stack research, big data concept, firmographic data, and technographic data, etc.., Our customers choose us because we deliver top-class technology research report, competitor analysis, market research, standard technology data insight, and offer some of the best value in the industry. Over the last decade, our approach to business has helped transform us from a small level to a leading global provider. This didn’t happen overnight, and it didn’t happen without total commitment to our mission—helping our customers bring their products to market faster while helping them with insights and research advisory.
IRCOIT does have multiple solutions as follows-
We have covered all the industries including some of the top demanding and niche ones. We are constantly trying to help global clients reach their potential network to scale our business growth.
You can reach us at [email protected] for more details. Book a meeting with us
—
IRCOIT Technologies Team
