Triangulation fraud: The costly scam hitting online retailers

In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merchants. He also highlights the emerging threat of AI-powered voice scams, urging businesses to implement MFA, behavioral biometrics, and employee education to mitigate vulnerabilities and foster collaboration among businesses, technology providers, and regulatory bodies. Could you shed light on … More →

The post …

ai-powered america artificial intelligence attacks authentication biometrics businesses chief cybersecurity don't miss emerging emerging threat features financial fraud help net security hot stuff interview losses mfa north north america officer online payment online retailers opinion remote access retailers risk scam scams security threat triangulation visa voice