BioCatch

BioCatch is a fraud intelligence company that provides behavioral biometrics and AI-powered technology to detect and prevent online banking fraud and scams.

Why it’s in the news: It is in the news because Visa has agreed to acquire it for $2.4 billion to strengthen its cybersecurity offerings amid rising global financial fraud.

Latest on BioCatch

• Visa is buying BioCatch for $2.4 billion because AI scams now cost the global economy $1 trillion a year
• Visa to Acquire Fraud Intelligence Firm BioCatch for $2.4 Billion
• Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal
• Visa agrees $2.4 billion deal to acquire BioCatch
• Visa to Buy Fraud Defense Platform BioCatch in $2.4 Billion Deal
• The startup currently protects 760 million users across approximately 350 banks globally.
• BioCatch's platform analyzes keystroke timing, touchscreen pressure, swipe patterns, and device handling to identify real users from scammers and bots.
• Visa is acquiring Tel Aviv-based BioCatch for $2.4 billion in cash from private equity firm Permira and other investors.
• Visa's $2.4 billion bet on BioCatch's behavioral biometrics
• The deal expands Visa's capabilities in combating payment fraud across its global network of financial institutions and merchants
• [via Visa]
• Payment Fraud Is Moving Upstream, and Visa Just Bought the Data to Follow It

Connections

10 entities linked to BioCatch across the news graph.