Every artificial intelligence (AI) platform that stores a payment method and adds a gifting feature has created a new monetization surface for account takeover fraud. Claude users are discovering gift subscriptions they never bought showing up as charges on their credit cards, The Guardian reported...
LexisNexis Risk Solutions and Promon are working together to help organizations protect their mobile apps from fraud. The companies’ new alliance brings together LexisNexis ThreatMetrix digital identity, device and behavioral intelligence; Promon Shield in-app protection; and Promon Insight trusted telemetry, they said in a Wednesday...
Sen. Mark Warner, D-Va., vice chair of the Senate Select Committee on Intelligence, has called on the Department of Homeland Security (DHS) and the Department of Justice (DOJ) to look into a recently revealed breach of a DHS information-sharing network. That network, the Homeland Security Information Network (HSIN), is used by federal,...
Visa debuted a solution designed to help financial institutions spot cyberthreats and prevent fraud, according to a Thursday (July 2) press release. The Visa Threat Intelligence Platform (VTIP) employs the same cybersecurity capabilities Visa uses to protect its network, the release said. “Fraud is widely...
Fraud used to sit in the back office. Now it has a front-row seat in the issuer growth strategy. Every blocked purchase, failed dispute or scam that slips through can weaken the cardholder relationship. That makes fraud prevention more than a risk-control function. It’s now...
The Aspen Institute Financial Security Program (Aspen FSP) has launched a new effort focused on reducing the scale and severity of scams affecting Americans. The Scam Prevention Initiative aims to improve how scams are measured, tracked and understood; bring together industry, government and civil society...
Watch more: The Digital Shift With Entersekt’s Dewald Nolte Firms get what they measure, and for years, payment security technology has been measured by how much fraud it stops. Untold billions of dollars have been invested in risk models, authentication technologies and compliance frameworks designed...
Apple has a new policy in which it has accelerated its release of security updates in response to the speed with which artificial intelligence can develop malicious hacking tools, Reuters reported Monday (June 29). The company used to package security fixes with its next planned,...
Watch more: The Digital Shift With Spreedly’s Justin Benson The 2026 World Cup will generate billions of dollars in ticket sales, travel bookings and merchandise purchases, but for merchants, it may also become the largest real-world examination of fraud controls and cross-border payment infrastructure they...