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Visa Acquires BioCatch for $2.4 Billion to Boost AI Fraud Protection
Hey there! Visa is making a big move to strengthen its defenses against online fraud, acquiring AI-powered security firm BioCatch for $2.4 billion. This comes at a crucial time when the global financial industry is seeing a sharp rise in digital attacks, with criminals increasingly using advanced AI to carry out sophisticated scams. This acquisition aims to give Visa a powerful new tool to protect transactions before they even happen.