Daily Market Updates: Visa to buy BioCatch for $2.4 billion as scams rise

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Visa to buy BioCatch for $2.4 billion as scams rise

The acquisition is Visa's latest push to expand its value-added services business, one of its fastest-growing divisions.

Reported · Written up by our desk · Fund Industry

Visa will acquire cybersecurity firm BioCatch for $2.4 billion, as fraud attempts tied to AI-powered scams continue to surge, according to CNBC Markets.

CNBC Finance also reports the deal is part of Visa's broader effort to grow its value-added services business, which has become one of the company's fastest-growing divisions.

The acquisition underscores how card networks and financial platforms are investing in fraud prevention and related cybersecurity capabilities amid rising threats.

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Sources

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

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

ETFs & Funds

Visa to buy BioCatch for $2.4 billion as scams rise

More like this

Sources

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