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

Visa announced the acquisition of cybersecurity company BioCatch for $2.4 billion. The deal is part of Visa's rapidly expanding value-added services division, one of the company's fastest-growing business areas. BioCatch specialises in biometric fraud detection, a field gaining importance as AI-powered scams proliferate.