The credit card giant has finalised its acquisition of privately held cybersecurity company - which was founded in 2009 - and is confident that it will be able to work "against growing cyber threats" in a time when it is more needed than ever.

Johan Gerber, Executive Vice President of Security Solutions at Mastercard, said: "As the world becomes increasingly digital, securing every interaction and transaction against growing cyber threats is more critical than ever. By integrating Recorded Future’s AI-powered threat intelligence with our cybersecurity services, identity solutions, and real-time fraud scoring, we can enhance our ability to support customers in these efforts."

Towards the end of last year, bosses at Recorded Future claimed that the whole joint venture was an "opportunity" to maximise potential within the security industry.

Christopher Ahlberg, CEO of Recorded Future, said: "Fifteen years ago, we created Recorded Future with a simple goal to secure the world with intelligence. By joining Mastercard, we see an opportunity to help more businesses and governments determine the steps to realize their full potential – and to enable everyone to feel safer in their daily lives."