Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks [Yahoo! Finance]
Visa Inc. (V)
Last visa inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
SAN FRANCISCO, May 07, 2024 BUSINESS WIRE )--Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card testing attacks, allowing them to exploit vulnerabilities at an unprecedented scale and speed. These attacks, known as enumeration attacks, inflict operational expenses and $1.1B annually in fraud losses, accounting for a significant portion of global fraud. To combat this threat, today, Visa (NYSE:V), a leader in digital payments, announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks. The VAAI Score, which will be available to U.S. issuers first, will help reduce fraud and operational losses by assigning each transaction with a risk score in real time to detect and prevent enumeration attacks in card-not-present (CNP) transactions. "Enumeration can have lasting impacts on our clien
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News
- Visa (V) Ties Up With SKUx to Ease Digital Payments for Clients [Yahoo! Finance]Yahoo! Finance
- Visa (V) Revolutionizes Payments Landscape With New Products [Yahoo! Finance]Yahoo! Finance
- Visa changes coming this year will mean fewer cards for Americans [FOX Business Network]FOX Business Network
- SKUx and Visa to Enable Seamless Digital Payment Consumer Experiences for Merchants and CPG CompaniesBusiness Wire
- Visa Reinvents the Card, Unveils New Products for Digital AgeBusiness Wire
V
Earnings
- 4/23/24 - Beat
V
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- 5/8/24 - Form 8-A12G
- V's page on the SEC website