Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

Visa Inc. agreed to acquire BioCatch, a cybersecurity firm specializing in fraud detection, for $2.4 billion, as the company responds to a surge in AI-powered scams. The acquisition, announced on Monday, marks Visa's latest effort to expand its value-added services business, one of its fastest-growing divisions.

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams Source: CNBC Technology https://www.cnbc.com/technology/ 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. Get AI news in your inbox Daily digest of what matters in AI.