Free Trial

Mastercard buying global threat intelligence company Recorded Future for $2.65 billion

A sign indicating MasterCard credit cards are accepted is posted at a New York business, Jan. 21, 2015. (AP Photo/Mark Lennihan, File)
Remove Ads

Mastercard is buying global threat intelligence company Recorded Future for $2.65 billion to strengthen its cybersecurity services.

The card issuer has been attempting to enhance fraud protections for customers and in May it rolled out a software update that integrated artificial intelligence into its fraud-prediction technology. The company believes it will help it to see patterns in stolen cards faster and allow banks to react more quickly.

Recorded Future and Mastercard already collaborate on an AI-supported service that alerts financial institutions more rapidly and with greater accuracy when a card is compromised. Since its launch earlier this year, the service has doubled the rate in which compromised cards are identified when compared with the year-ago period.

Recorded Future has more than 1,900 clients across 75 countries, including the governments of 45 countries. It had been owned by the venture capital firm Insight Partners.

The deal is expected to close by the first quarter of next year.

Should You Invest $1,000 in Mastercard Right Now?

Before you consider Mastercard, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mastercard wasn't on the list.

While Mastercard currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

3 Stocks to Buy on the Dip—and 3 to Dump Fast
Trump Tariffs Tumble the Stock Market—Here’s How to Protect Your Money
Donald Trump Owns These 7 Stocks, Should You?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads