Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
$2.4B. That's what Visa just paid for BioCatch—a play on AI-powered fraud as scams evolve faster than defenses.
Why it matters
Major fintech acquirer betting on AI-native fraud detection as a high-growth business line. The deal signals how AI is reshaping cybersecurity M&A and value-added services in payments.
The key facts
9 to knowVisa acquires BioCatch for $2.4 billion
Deal framed as response to surge in AI-powered scams
BioCatch specializes in behavioral biometrics and fraud detection
Expansion of Visa's value-added services business—described as fastest-growing division
Signals consolidation trend in AI-native cybersecurity
Acquisition part of expansion of Visa's value-added services business
Value-added services is one of Visa's fastest-growing divisions
Trigger: surge in AI-powered scams
Focus: fraud detection and behavioral biometrics
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: 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.