Payment giant Mastercard has completed its acquisition of Recorded Future, a cybersecurity firm, for US$2.65 billion.
The acquisition aims to bolster Mastercard's cybersecurity services and improve AI models for smarter threat detection and response.
Mastercard plans to offer enhanced services and intelligence to a broader customer base, while increasing the effectiveness of existing cybersecurity tools.
The acquisition aligns with the increased focus on securing digital interactions and transactions against evolving cyber threats.