Risky Bulletin Sponsored: Why Mastercard got into threat intel
Nov 30, 2025
In this insightful discussion, Mike Lashley, Chief Security Officer at Mastercard, dives into the strategic motivations behind Mastercard's acquisition of Recorded Future. He emphasizes the power of merging payment data with threat intelligence to enhance fraud detection. Mike discusses the competitive edge of superior data and AI in the cyber arms race, as well as the importance of global collaboration with law enforcement to disrupt cybercrime. Furthermore, he explains the rationale for holding both the CSO and CISO roles within Mastercard.
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Payments And Threat Intel Are Symbiotic
- MasterCard combined Recorded Future's threat data with its payments signals to create predictive, real-time fraud insights.
- The integration creates a symbiotic feed where payments data improves threat models and vice versa.
Unique Visibility Through Transaction Volume
- MasterCard sees over 160 billion transactions a year, giving unique visibility into fraud trends at the payment edge.
- Those transaction signals supply data sets other threat intel providers cannot match.
Fraud As A Cybersecurity Crisis
- Fraud is now a cybersecurity crisis amplified by AI and organized groups, not just a finance problem.
- The side with superior data, models, and computing power will win the arms race.