Visa is buying BioCatch for $2.4 billion because AI scams now cost the global economy $1 trillion a year

Visa is acquiring Tel Aviv-based fraud detection startup BioCatch for $2.4 billion in cash from private equity firm Permira and other investors. BioCatch’s platform analyses keystroke timing, touchscreen pressure, swipe patterns, and device handling to distinguish real users from scammers and bots. The company currently protects 760 million users across roughly 350 banks.