On March 20, 2023, Mastercard announced it acquired cloud-based cybersecurity company Baffin Bay Networks, which offers the latest in AI technology to automatically filter and counteract malicious internet traffic. Based in Sweden, Baffin Bay Networks will add to Mastercard’s multi-layered approach to cybersecurity while mitigating exposure to risk across the ecosystem. The acquisition further strengthens Mastercard’s broader services offerings and value beyond the payment transaction.
Wilson Sonsini Goodrich & Rosati advised Mastercard on privacy and cybersecurity aspects of the transaction. The team includes Cédric Burton, Matt Staples, Carol Evrard, Daniel Chen, Michael O’Brien, Joanna Jużak, and Dantam Le.
For more information, please see Mastercard's press release.