Cyberfraud

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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Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
September 26, 2023  |  Security & Fraud

As attractive as innovative new technologies appear, it’s important to remember they are just tools.  And any tool, when in the wrong hands, can also...

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Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
August 30, 2023  |  Cybersecurity

In the fast-paced world of digital finance, security is a pressing concern. With a deep understanding of the risks at hand, organizations and individuals alike...

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