Visa announced it will acquire Israeli fraud-detection startup BioCatch for $2.4 billion in cash from Permira and other investors. The purchase centers on behavioral biometrics technology and expands the payments company’s fast-growing value-added services business as global fraud losses surpass $1 trillion a year.
Payments firms are accelerating efforts to harden defenses while generative AI lowers the cost, speed and sophistication of attacks.
https://x.com/BioCatch/status/2084257250479157592
BioCatch warned that fraud and scam losses, the volume of attempts, mule accounts and the number of victims keep rising each year around the world.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
SoFi has begun settling its card program with Mastercard using SoFiUSD, targeting more than $25 billion in expected annualized volume after migration. The change provides faster onchain settlement while leaving consumer cards and merchant systems unchanged.
Anthropic has launched the Anthropic Cyber Mission to support defenders of critical infrastructure and open-source software with models, engineers, and tools. The initiative starts with the Critical Infrastructure Defense Program and free OSS Scanner amid ongoing challenges in verifying and fixing vulnerabilities.
Mathspace disclosed that attackers stole personal data belonging to 1,079,819 students, staff, and parents or guardians in Australia and New Zealand after breaching its Metabase system. The incident is the latest in a campaign exploiting a Metabase zero-day vulnerability used by multiple companies.
The FBI is investigating the dark web sale of scans from more than 153 million US and Canadian drivers licenses obtained via an ongoing breach at a Louisiana identity verification company. The incident underscores the lasting danger of stolen physical identity documents that cannot be reset like passwords and the growing scale of cyber-enabled identity theft.
ShinyHunters published data from 12.9 million genuine Carhartt accounts after the apparel company refused a $3.3 million ransom. The breach, which also exposed records for more than 15,000 employees, originated from Carhartt's Databricks analytics platform.
