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Mastercard makes a holiday purchase acquiring RiskRecon

Mastercard added to its cyber solutions suite with the acquisition of the AI and data analytics firm RiskRecon.

The financial details of the deal were not made public, but the two companies said it is expected to close during the first quarter of 2020.

Mastercard cited RiskRecon’s scanning and evaluation technologies that help organizations to proactively manage cyber risks, better safeguarding critical intellectual property and consumer and payment data as the primary reason for initiating the acquisition.

“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 cyber space,” said Ajay Bhalla, president of cyber and intelligence for Mastercard.

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