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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.Get daily email updates
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