Visa’s report makes a case for outsmarting payment fraud with AI now
September 8, 2023
Payment fraud soared to record levels in early 2023, and in response, e-commerce, retailing, and mass merchants rely more on AI-based fraud prevention systems to outsmart attackers.
Visa’s Biannual Threats Report published today found that nearly 460 ransomware attacks worldwide happened in March 2023 alone, a staggering 91% increase over February, and 62% higher compared to the same period in…