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Mastercard Fighting Scams with Latest AI Tech

Friday, April 26, 2024   (0 Comments)
Posted by: Sierra Lindemann

Mastercard unveils Scam Protect, a pioneering suite powered by AI to combat the surge in internet scams, following FBI reports of $12.5 billion lost in 2023 alone in the US. With partnerships across industries like telecommunications and financial institutions, including collaborations with Verizon and NatWest, Mastercard aims to thwart scammers' evolving tactics, emphasizing real-time prevention and consumer education.

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