Brighterion
blog
Category: Acquirer & PSP fraud
COVID-19 caused a surge in e-commerce and payments fraud: how AI prevention solutions help
When COVID-19 stay-at-home orders and social distancing measures came into effect, increased numbers of consumers quickly moved to online shopping and payments services. As a result, transaction-level e-commerce fraud also increased along with the millions [...]
6 takeaways on AI and financial fraud from Finextra webinar
Financial criminals have become increasingly sophisticated. From data breaches and money laundering to cryptocurrency payments for ransomware attacks, the complexities of financial fraud call for AI’s adaptability and power. The proliferation of financial fraud in [...]
Cyber and Risk Summit: 5 insights about AI as a catalyst for transformation
Mastercard’s annual Cyber and Risk Summit brings together fintech thought leaders to discuss cybersecurity and risk, the latest innovations and future developments. This year’s summit lived up to expectations. The session AI as a catalyst [...]
Top 5 ways AI supercharges financial investigations: secrets from a special investigator
AI is becoming the standard for financial investigations, but uptake varies amongst other industries. We interviewed accredited fraud investigator Tim McBride of Mastercard and asked him to explain how AI supercharges financial investigations. Financial [...]
Could adaptive AI have curtailed $6B in merchant and transaction-level fraud?
Acquirers lost $6 billion to merchant and transaction-level fraud in the U.S. in 2019, with an additional $443 million lost to false declines. Amidst a challenging year for business, fraud prevention is more pressing [...]