23 December 2019:
Mastercard today announced an agreement to acquire RiskRecon to enhance cybersecurity capabilities.
In addition to supporting Mastercard solutions, RiskRecon will continue to provide cyber security solutions across a broader set of industries, including healthcare and manufacturing.
Ajay Bhalla, President of Cyber and Intelligence for Mastercard, said, “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.”
Ajay Bhalla, added, “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.”
Kelly White, chief executive officer and co-founder, RiskRecon, said, “Mastercard has been one of those brands that has stood out as a true innovator, focusing on the real problems of real businesses. By becoming part of their team, we have an opportunity to scale our solution and help companies in new industries and geographies take steps to better manage their cybersecurity risk.”
Terms of the agreement were not disclosed. The transaction, which is anticipated to close in the first quarter of 2020, is subject to customary closing conditions.
(Source – Mastercard)