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Mastercard announced an agreement to acquire RiskRecon, a provider of artificial intelligence and data analytics solutions to help customers enhance their cyber security capabilities.
RiskRecon’s scanning and evaluation technologies will help companies better protect payment data and intellectual property. Beyond working with Mastercard, the firm will continue to provide solutions to companies in other industries, including healthcare and manufacturing.
“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, president of cyber and intelligence at Mastercard, said in a company release. “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.”