Mastercard to Acquire Insight Partners' Recorded Future for $2.65 Billion

By Denny Jacob

Mastercard agreed to acquire threat-intelligence company Recorded Future from Insight Partners for $2.65 billion, in an effort to expand its cybersecurity services.

The credit-card company said Recorded Future's use of artificial intelligence and other technologies will add to its identity, fraud-prevention and cybersecurity services.

"Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place--in payments and beyond," Mastercard Chief Services Officer Craig Vosburg said.

Privately held Recorded Future and Mastercard currently collaborate on an AI-supported service that alerts financial institutions when a card is likely to have been compromised, the companies said.

The deal is expected to close by the first quarter of 2025.

Recorded Future has over 1,800 clients and over 1,000 employees, according to its website.

Write to Denny Jacob at denny.jacob@wsj.com