Visa to buy Israeli cyber firm for $2.4 billion to fight AI-driven scams
Sharon Wrobel is a tech reporter for The Times of IsraelCredit-card giant Visa Inc. has agreed to buy Israeli online fraud and financial crime detection provider BioCatch for $2.4 billion to bolster its cybersecurity tools and protect consumers and institutions from the growing threat of AI-driven account takeovers and scams.Visa said it is acquiring BioCatch from London-based private equity firm Permira and other investors. As part of the deal, the Israeli pioneer in the field of behavioral biometrics will become part of Visa, but will continue to operate with the same team. The transaction is expected to close by the end of Visa’s fiscal second quarter of 2027, pending customary regulatory approvals and conditions.“Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale,” said Andrew Torre, Visa president of value-added services. “BioCatch will help our clients stop fraud before…
Visa Inc. has agreed to acquire Israeli cybersecurity firm BioCatch for $2.4 billion from Permira and other investors. This acquisition aims to enhance Visa's fraud detection capabilities against AI-driven scams and account takeovers, which cost the global economy over $1 trillion annually. BioCatch, founded in 2011, specializes in behavioral biometrics, analyzing user interactions like keystrokes and mouse movements to distinguish legitimate users from fraudsters in real time. BioCatch CEO Gadi Mazor stated, "By every metric, the bad actors... continue to enjoy greater returns, explosive growth, and a wealth of new tools to help them scale, innovate, and hone their attacks." The platform currently serves over 350 banking clients globally, protecting 1.8 billion devices and 760 million users. The transaction is expected to finalize by the end of Visa’s fiscal second quarter of 2027, pending regulatory approvals.
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