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Fintech & Ecommerce

Mastercard acquires a cybersecurity company

Dec 24, 2019

Cybercrime is a pertinent threat to businesses in the digital world

Cybersecurity

Mastercard acquires a cybersecurity company. Source: shutterstock.com

Mastercard announced the acquisition of RiskRecon, provider of artificial intelligence and data analytics solutions for cybersecurity.

Due to the large-scale data breaches and ransomware attacks, billions of records are put at risk, jeopardizing consumer trust.

The innovations from the talented team at RiskRecon will further accelerate our suite of cyber solutions designed to help financial institutions, merchants, and governments secure their digital assets. Through a powerful combination of AI and data-driven advanced technology, RiskRecon offers an exciting opportunity to complement our existing strategy and technology to secure the cyberspace
Ajay Bhalla, president of cyber and intelligence for Mastercard

RiskRecon aims to manage cyber risks and safeguard critical intellectual property and consumer and payment data with its pioneering scanning and evaluation technologies. RiskRecon will also keep on providing cybersecurity solutions across a broader set of industries, including healthcare and manufacturing.

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