{"id":795493,"date":"2024-12-17T09:04:59","date_gmt":"2024-12-17T14:04:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-helps-holiday-shoppers-stay-secure-blocking-nearly-85-more-suspected-fraud-globally-this-cyber-monday-compared-to-last-year1\/"},"modified":"2024-12-17T09:04:59","modified_gmt":"2024-12-17T14:04:59","slug":"visa-helps-holiday-shoppers-stay-secure-blocking-nearly-85-more-suspected-fraud-globally-this-cyber-monday-compared-to-last-year1","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-helps-holiday-shoppers-stay-secure-blocking-nearly-85-more-suspected-fraud-globally-this-cyber-monday-compared-to-last-year1\/","title":{"rendered":"Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year<sup>1<\/sup><\/b><\/p>\n<p><i>The payments technology company is leveraging the latest in Artificial Intelligence to block fraud before it happens, giving holiday deal seekers a reason to rejoice<\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVisa&#8217;s critical investments in the fight against fraud are paying off for holiday shoppers this holiday season. On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.<sup>1<\/sup> Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due in part by the adoption of AI by fraudsters.<sup>2<\/sup><\/p>\n<p>\nOver the past five years, Visa has invested $11 billion in cutting-edge technology to combat fraud. This holiday season, as shoppers flocked to both physical and digital stores, fraudsters were also on the move. However, Visa&#8217;s advanced AI and machine learning capabilities were hard-at-work combatting their efforts.<\/p>\n<p>\n\u201cAlthough crooks are using AI more and more, so are we. And that\u2019s paying off,\u201d said Paul Fabara, Chief Risk and Client Services Officer at Visa. \u201cAs we saw during the kickoff to the holiday shopping season, Visa continues to thwart more attempts at fraud from these bad actors, continuing our mission to be the safest way to pay and be paid for everyone, everywhere.\u201d<\/p>\n<p>\nAs shoppers got their physical and digital carts ready for the seasonal sales, fraudsters ramped up their efforts, using the latest in AI and machine learning technology to attempt big monetary returns on their scams. Tools like the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fabout-visa%2Fnewsroom%2Fpress-releases.releaseId.20661.html&amp;esheet=54167550&amp;newsitemid=20241217816327&amp;lan=en-US&amp;anchor=Visa+Account+Attack+Intelligence+Score&amp;index=1&amp;md5=cee985008fb7b6f678df187c0a3af6d5\">Visa Account Attack Intelligence Score<\/a>, which launched earlier this year, leverage generative AI to stop fraud before it happens \u2013 wherever and however you\u2019re shopping.<\/p>\n<p>\nLast month, Visa released its annual <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.visa.com%2Fcontent%2Fdam%2FVCOM%2Fcorporate%2Fsolutions%2Fdocuments%2Fvisa-security-alert-holiday-threats-report-2024.pdf&amp;esheet=54167550&amp;newsitemid=20241217816327&amp;lan=en-US&amp;anchor=Holiday+Threats+Report&amp;index=2&amp;md5=375fe650cffd1c14776574c25f4f7952\">Holiday Threats Report<\/a>, highlighting scam trends consumers should be aware of heading into the busy season, and providing tips for safe shopping. While Visa proactively blocked $40 billion of suspected fraudulent transactions last year, the payments technology company strongly encourages consumers to do their part to stay vigilant and aware of potential threats.<\/p>\n<p>\nFor more information on how Visa works to prevent fraud globally, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fsolutions%2Fvisa-protect.html&amp;esheet=54167550&amp;newsitemid=20241217816327&amp;lan=en-US&amp;anchor=Visa.com.com%2Fsecurity&amp;index=3&amp;md5=b5dca8ac2f03676c65983e721f3a695a\">Visa.com.com\/security<\/a>.<\/p>\n<p><b>About Visa<\/b><\/p>\n<p>\nVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2F&amp;esheet=54167550&amp;newsitemid=20241217816327&amp;lan=en-US&amp;anchor=Visa.com&amp;index=4&amp;md5=33377f581ff693dfc7d9815f049fad9b\">Visa.com<\/a>.<\/p>\n<p>\n__________________________<\/p>\n<p><sup>1<\/sup> Visa Authorization Data, Global, 12\/2\/2024 compared to 11\/27\/2023<br \/>\n<br \/><sup>2<\/sup> Visa Authorization Data, Global, 11\/29\/2024-12\/2\/2024 compared to 11\/24\/2023-11\/27\/2023<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241217816327r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241217816327\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241217816327\/en\/<\/a><\/span><\/p>\n<p>\nMeg Omecene<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:momecene@visa.com\">momecene@visa.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Payments Security Fintech Banking Electronic Commerce Professional Services Retail Artificial Intelligence Online Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241217816327\/en\/833969\/3\/58482363cef1014c0b5e49c1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1 The payments technology company is leveraging the latest in Artificial Intelligence to block fraud before it happens, giving holiday deal seekers a reason to rejoice SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Visa&#8217;s critical investments in the fight against fraud are paying off for holiday shoppers this holiday season. On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.1 Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due in part by the adoption of AI by fraudsters.2 Over the past five years, Visa has invested $11 billion in cutting-edge technology to combat fraud. This &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-helps-holiday-shoppers-stay-secure-blocking-nearly-85-more-suspected-fraud-globally-this-cyber-monday-compared-to-last-year1\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795493","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-helps-holiday-shoppers-stay-secure-blocking-nearly-85-more-suspected-fraud-globally-this-cyber-monday-compared-to-last-year1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1 The payments technology company is leveraging the latest in Artificial Intelligence to block fraud before it happens, giving holiday deal seekers a reason to rejoice SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Visa&#8217;s critical investments in the fight against fraud are paying off for holiday shoppers this holiday season. On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.1 Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due in part by the adoption of AI by fraudsters.2 Over the past five years, Visa has invested $11 billion in cutting-edge technology to combat fraud. 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On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.1 Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due in part by the adoption of AI by fraudsters.2 Over the past five years, Visa has invested $11 billion in cutting-edge technology to combat fraud. 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