Visa to Acquire BioCatch for $2.4 Billion Amid Surge in AI-Powered Scams
Deals·2 articles across 2 outlets·◆ Primary source
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Visa has announced its decision to acquire cybersecurity firm BioCatch for $2.4 billion. This acquisition is part of Visa's strategy to expand its value-added services business, which has become one of the company's fastest-growing divisions.
The move comes in response to a surge in AI-powered scams, highlighting the increasing importance of advanced fraud detection solutions in the financial sector.
VisaBioCatch
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Visa to Acquire BioCatch”
SEC Filing — Visa to Acquire BioCatch“It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.”
CNBC — Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams