Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Visa to Acquire Featurespace for Fraud Tech

September 27, 2024
Reading Time: 2 mins read
in News

Visa has announced its plans to acquire Featurespace, a company specializing in artificial intelligence (AI) technology designed to combat payment fraud and financial crime. The acquisition is expected to enhance Visa’s existing fraud detection and risk-scoring solutions, benefiting financial institutions, consumers, and the broader payments industry. Featurespace, which originated from Cambridge University, has developed advanced algorithmic solutions for analyzing transaction data to identify fraud.

Visa views the addition of Featurespace as a strategic move to improve its ability to offer adaptive and proactive fraud protection. Featurespace’s AI capabilities will complement Visa’s current offerings and allow the company to better address the evolving challenges in the payments ecosystem. Antony Cahill, Visa’s Global Head of Value-added Services, emphasized the importance of anticipating and addressing the changing threat landscape.

The integration of Featurespace will further strengthen Visa’s efforts to offer real-time fraud prevention solutions. The combined expertise of Visa and Featurespace will enable clients to better manage fraud risks and protect the payments system with more effective, AI-powered tools. This acquisition underscores Visa’s ongoing commitment to enhancing security within the payments sector.

The acquisition is expected to close in fiscal year 2025. This announcement follows Mastercard’s recent decision to acquire the threat intelligence firm Recorded Future for $2.6 billion, highlighting the increasing investment in technologies aimed at improving security and fraud detection across the financial sector.

 

Reference:

  • Visa to Acquire Featurespace

Tags: acquisitionsartificial intelligence (AI)Cyber NewsCyber News 2024Cyber threatsFeaturespaceSeptember 2024Visa
ADVERTISEMENT

Related Posts

Cybersecurity Adds $36M Value Per Project

Cybersecurity Adds $36M Value Per Project

May 30, 2025
Cybersecurity Adds $36M Value Per Project

Funnull Sanctioned In $200M Crypto Scams

May 30, 2025
Cybersecurity Adds $36M Value Per Project

Cerby announced a $40M Series B funding

May 30, 2025
Oregon Has Passed a New Data Privacy Law

UK To Invest £1B In Cyber Army For Defense

May 29, 2025
Oregon Has Passed a New Data Privacy Law

Oregon Has Passed a New Data Privacy Law

May 29, 2025
Oregon Has Passed a New Data Privacy Law

Horizon 3 AI Secures Near $100M

May 29, 2025

Latest Alerts

EDDIESTEALER Uses Fake CAPTCHAs for Stealing

Fake AI Apps Drop Ransomware And Malware

OneDrive Flaw Gives Sites Full Data Access

New PumaBot IoT Botnet Uses SSH Attack

APT41 Uses Google Calendar For C2 Operations

New NodeSnake RAT Hits UK Universities

Subscribe to our newsletter

    Latest Incidents

    State Actors Hit ConnectWise ScreenConnect

    Ivanti Flaw Hits NHS Staff and Patient Data

    Amalgamated Sugar Data Breach Exposes SSNs

    Cork Protocol Paused After $12M Exploit

    Victoria’s Secret Site Down After Breach

    LexisNexis GitHub Breach Affects 364K People

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial