As we know, credit card data are hacked in various ways. Unfortunately, this remains a worldwide problem. As a result, we see Visa adding more customer security for its clients. And its competitors also increasing their offerings.
To begin, consider these security-related posts:
- 2019 Global Fraud Report
- Mobile Security Tips
- Cyber Security Facts Infographic
- New Study on American Password Security
- Offer Trustworthy Web Sites
Business Intelligence Report: Visa Adding More Customer Security
To summarize the Business Intelligence findings, Daniel Keys reports that:
“Visa’s new suite of tools will ‘help prevent and disrupt payment fraud.’ As such, it is available to its clients without an additional fee or sign-up. In order to prevent and quickly put a stop to fraudulent transactions, Visa’s solutions leverage AI.”
“To do this, one new tool uses AI to identify firms that hackers may take advantage of. Furthermore, it aims to let them know before fraud actually occurs. The offering is dubbed Visa Account Attack Intelligence. It uses card-not-present (CNP) transactions to figure out which financial institutions (FI) and merchants hackers try to glean data. From like account numbers and security codes. By using AI, the tool may keep up with fraudsters as they change and improve their processes.”
“Visa added two offerings to proactively look for clients’ fraud vulnerabilities. For one, the Visa Payments Threat Lab analyzes a firm’s processing, business logic, and more to monitor potential issues. While while Visa eCommerce Threat Disruption identifies payment data skimming malware on an E-commerce site. In addition, Visa Vital Signs analyzes transactions to pick out potential ATM cashout attacks. These attacks see criminals fraudulently withdraw money. To counter this, Vital Signs picks out these transactions and suspends them.”
