Mastercard spends big on fraud prevention acquisition

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.