Visa is acquiring BioCatch, an Israeli company that uses behavioral biometrics to detect and prevent banking fraud, for $2.4 billion in cash, according to a report by Globes.
01 · THE DISPATCH
Israeli cybersecurity firm BioCatch, which specializes in behavioral biometrics to prevent banking fraud, is being acquired by Visa for $2.4 billion in cash, Globes reported Monday. The deal marks a significant exit for the Israeli high-tech sector. No further details on the transaction timeline were provided.
02 · How it developed
2 developments
03 · Source and signal
Source and signal
- Open-source intake