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Mastercard Inc. announced Thursday its plans to acquire global threat intelligence company Recorded Future for $2.65 billion. The deal, with Recorded Future's current owner, Insight Partners, aims to bolster Mastercard's cybersecurity offerings.

Mastercard To Buy Recorded Future : Strategic Acquisition

Boston-based Recorded Future, the world’s largest threat intelligence company, provides real-time data on potential cyber threats to more than 1,900 clients, including governments and Fortune 100 companies across 75 countries. The company specializes in collecting, analyzing, and processing intelligence on risks, enabling customers to mitigate cyber threats before they escalate.

Mastercard plans to integrate Recorded Future’s capabilities into its existing suite of identity, fraud prevention, and cybersecurity services. With cybercrime projected to cost $9.2 trillion globally, this acquisition positions Mastercard to deliver stronger cybersecurity defenses.

“Recorded Future adds to how we deliver greater peace of mind before, during, and after the payment transaction,” said Craig Vosburg, Mastercard’s chief services officer.

Cybersecurity Synergy

Both companies use artificial intelligence to identify and manage cyber threats, and Mastercard expects the merger to enhance its threat detection and prevention services. By bringing their teams together, Mastercard aims to innovate more quickly and anticipate emerging threats across various sectors.

“By joining Mastercard, we see an opportunity to help more businesses and governments achieve their full potential while keeping everyone safer in their daily lives,” said Recorded Future CEO Christopher Ahlberg.

Mastercard To Buy Recorded Future : Timeline and Approvals

The acquisition is expected to close by March 2025, pending regulatory approval. The companies have not disclosed which authorities are reviewing the deal.