Visa spends $2.4B on BioCatch to combat AI-driven fraud
Visa announced a $2.4 billion cash purchase of Israeli fraud‑detection startup BioCatch. The deal gives Visa access to BioCatch's behavioral‑biometrics platform, a tool banks are turning to as AI‑generated scams and account takeovers surge. It bolsters Visa’s fast‑growing value‑added services unit and underscores the industry’s race to shore up cyber defenses.