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EMARKETER

Mastercard spends big on fraud prevention acquisition

Article by Grace Broadbent  |  Sep 13, 2024
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Mastercard spends big on fraud prevention acquisition
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Credit & Debit
United States

The news: Mastercard will acquire Recorded Future from Insight Partners for a whopping $2.65 billion, per a press release.

  • Recorded Future is a threat intelligence company that works across 75 countries. Its AI analyzes billions of data points to identify potential threats.
  • The deal will add to Mastercard’s suite of identity, fraud prevention, and cybersecurity services.

The acquisition is set to close by Q1 2025.

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