Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal

Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion in cash from investment firm Permira and other investors, marking the card giant’s latest effort to beef up its cybersecurity offerings.

The deal would help the world’s largest payment ‌processor further ⁠bolster its ⁠existing cyber, fraud, risk and security offerings and enable it to ​help clients better protect themselves in an increasingly complex threat environment, ​Visa said.