Mastercard has acquired RiskRecon, an AI and data analytics solution designed to help companies protect their online systems and infrastructure.
Following the acquisition, RiskRecon will continue to offer security solution across a range of industries including healthcare and manufacturing.
Mastercard president of cyber and intelligence Ajay Bhalla 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.
“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.”
RiskRecon offers a third-party cybersecurity risk service which automates risk assessments. The platform helps companies to gain contextualized insights into cybersecurity risk performances of third parties, with assessments being custom fitted to a client.
RiskRecon CEO and co-founder Kelly White 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.”
Copyright © 2018 RegTech Analyst
