Visa has agreed to acquire BioCatch for $2.4 billion in cash to strengthen its fraud prevention, cyber risk, and financial crime detection capabilities. BioCatch’s behavioral biometrics and AI-driven technology help identify account takeovers, scams, money mule activity, and other fraud before payments are completed. #Visa #BioCatch #Permira
Keypoints
- Visa is acquiring BioCatch for $2.4 billion in cash.
- BioCatch uses behavioral biometrics to detect fraud in real time.
- Its AI models analyze thousands of user, device, and network signals.
- The technology helps stop account takeovers, scams, and money mule activity.
- The deal expands Visa’s fraud intelligence and security portfolio.
Read More: https://www.securityweek.com/visa-to-acquire-fraud-intelligence-firm-biocatch-for-2-4-billion/