Visa's AI-Powered Fraud Solution to Combat Account Attacks
Friday, June 7, 2024
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Posted by: Sierra Lindemann
Threat actors are leveraging advanced technologies to amplify card testing attacks, resulting in $1.1 billion in annual fraud losses. To combat this, Visa (NYSE: V) has introduced the VAAI Score, a new generative AI-powered tool that assigns real-time risk scores to transactions, helping to detect and prevent enumeration attacks. This innovative tool, initially available to U.S. issuers, aims to significantly reduce fraud and operational losses while enhancing cardholder experience.
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