13 Sep Mastercard Goes Deeper Into Cybersecurity With $2.65B Acquisition Of Recorded Future
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Sep. 13, 2024
Last year around this time Mastercard reported that cyberattacks were skyrocketing and they were expected to cost the world $8 trillion annually, according to Cybersecurity Ventures. If measured as a country, that would make cybercrime the third-largest economy in the world.
Now the latest from Mastercard is its mammoth acquisition of Recorded Future from private equity firm Insight Partners for $2.65 billion, according to Reuters. The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year, a metric that represents the total dollar value of all transactions processed.
Recorded Future serves over 1,900 clients across 75 countries, including the governments of 45 countries. The deal with Mastercard is expected to close by the first quarter of 2025. By that time, Cybersecurity Ventures predicts that global cybercrime damage costs will reach a whopping $10.5 trillion annually.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
