Brighterion
blog
Category: Merchant fraud
2023 financial fraud outlook: How AI can combat new and upcoming schemes
Major industry players like Google and Amazon, as well as upstarts like OpenAI, released cutting-edge innovations that capitalized on AI’s revolutionary potential in 2022. But AI-powered security applications — which can detect transaction fraud, develop [...]
Transaction fraud: ghosts of winter holidays past, present and future
Black Friday and early holiday shopping are known for good deals, a kick-start to the holiday season – and often transaction fraud. E-Commerce is at particular risk, as the busy holiday season offers increased opportunities [...]
Seven card-not-present fraud trends and ways to manage risk
E-commerce continues to thrive, even as COVID-19 restrictions lift on traditional brick and mortar businesses. However, as e-commerce grows, so do opportunities for cybercriminals to perpetrate new and increasingly complex CNP fraud schemes. Payments fraud [...]
Explainable AI: from black box to transparency
Financial organizations and their customers want to learn more about how AI works, citing the “black box” of AI as a complete mystery. With black box models, it’s not clear how scores are generated or [...]
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 [...]