Visa Acquires BioCatch for $2.4 Billion to Enhance Cybersecurity Capabilities
Visa announced the acquisition of fraud intelligence provider BioCatch in a $2.4 billion cash deal from investment firm Permira and other investors. The purchase aims to strengthen Visa's cybersecurity, fraud detection, risk management, and security offerings as threats become increasingly sophisticated. Andrew Torre, president of value-added services at Visa, emphasized that account takeovers and scams cost the global economy over $1 trillion annually, with AI enabling these attacks on an unprecedented scale. Founded in 2011, BioCatch helps detect fraud by analyzing user behavior signals such as keystrokes and touch gestures. It serves more than 350 banking clients across 21 countries and protects 1.8 billion devices for 760 million users globally. The deal is expected to close by the end of Visa's fiscal second quarter in 2027.
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