Cyberfraud

Personalized Attacks, Scalable Solutions: The Payments Industry’s New Security Imperative
Personalized Attacks, Scalable Solutions: The Payments Industry’s New Security Imperative
December 18, 2024  |  Security & Fraud

The payments industry faces the dual challenge of enhancing user experience while combating sophisticated fraud. “There’s a lot of emphasis on doing things as frictionless...

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QR Codes Now Take 20% of All Online Scams
QR Codes Now Take 20% of All Online Scams
November 17, 2024  |  Cybersecurity

As digital scams continue to evolve, QR codes have emerged as a new gateway for cybercrime, often leading unsuspecting victims into dangerous traps. Known as...

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Criminals’ Adoption of AI Remains Cautious, Report Finds
Criminals’ Adoption of AI Remains Cautious, Report Finds
May 28, 2024  |  artificial intelligence

Despite public concerns about the potential for cyberattacks powered by artificial intelligence (AI), criminals have been slow to fully embrace the technology, according to a...

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Visa Adds Generative AI-Powered Tool to Combat Enumeration Attacks
Visa Adds Generative AI-Powered Tool to Combat Enumeration Attacks
May 07, 2024  |  VISA

Visa has launched a generative artificial intelligence (AI) solution designed to help issuers combat enumeration attacks. The new VAAI Score tool is being added to...

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FBI: More Than $12 Billion Lost to Online Fraud in 2023
FBI: More Than $12 Billion Lost to Online Fraud in 2023
April 08, 2024  |  Security & Fraud

American consumers and business owners lost a record $12.5 billion last year to online scammers, marking a 22% spike in cybercrime over 2022, according to...

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Coro Raises $100 Million to Grow Small Business-Focused Cybersecurity Platform
Coro Raises $100 Million to Grow Small Business-Focused Cybersecurity Platform
March 28, 2024  |  Cybersecurity

Coro has secured $100 million in Series D funding to grow its cybersecurity platform designed for small and medium-sized businesses (SMBs). The company will use the...

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Transaction Monitoring Balances Customer Centricity With Fraud Defense
Transaction Monitoring Balances Customer Centricity With Fraud Defense
February 28, 2024  |  Authentication

In the world of cybersecurity, there’s no prize for being fashionably late with updates. And in today’s evolving technology and authentication landscape, if organizations aren’t...

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AI Helps Businesses Put Transactions on Nice or Naughty List 
AI Helps Businesses Put Transactions on Nice or Naughty List 
November 27, 2023  |  Cybersecurity

The ongoing digital transformation of commerce and payments has radically reshaped the holiday shopping season.  On the one hand, it has never been easier —...

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Visa: Battle With Payments Fraudsters May Be Won With AI
Visa: Battle With Payments Fraudsters May Be Won With AI
October 27, 2023  |  artificial intelligence

Paul Fabara, chief risk officer at Visa, told PYMNTS in a recent interview that the shift to online channels during the pandemic — and afterward...

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