CINCINNATI & LONDON–(BUSINESS WIRE)–Worldpay®, a global industry leader in payments technology and solutions, today announced it has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of value-added solutions and enable merchants of all sizes to grow […]| Merchant Fraud Journal
INCLINE VILLAGE, Nev., Feb. 3, 2025 /PRNewswire/ — Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, achieved unparalleled growth and performance in 2024. Amid an era of increasing threats from AI-based deepfakes, injection attacks, and automated bot fraud, Socure not only met the challenge but outpaced the industry, delivering solutions that continuously improved while competitors […]| Merchant Fraud Journal
NEW YORK–(BUSINESS WIRE)–Deep Instinct, the zero-day data security company built on the first and only AI-based deep learning framework for cybersecurity, today announced the launch of DSX for Cloud – Amazon FSx NetApp, delivering real-time prevention and explainability of zero-day attacks for NetApp workloads, wherever they reside. “Cybercriminals are increasingly leveraging AI to create and deploy […]| Merchant Fraud Journal
62% of businesses cite generative AI as a key driver behind the surge in invoice fraud 7 out of 10 organizations were victims of fraud in 2024 90% lack experience in fraud prevention teams The perfect storm of challenges: new survey identifies company exposure to invoice fraud and lack of protection measures, causing global losses of $485bn CHARLOTTE, N.C., Dec. 18, 2024 /PRNewswire/ — Two-thirds […]| Merchant Fraud Journal
SAN FRANCISCO–(BUSINESS WIRE)–Visa’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 […]| Merchant Fraud Journal
AUSTIN, Texas & AMSTERDAM–(BUSINESS WIRE)–Fal.Con Europe – CrowdStrike (NASDAQ: CRWD) today launched CrowdStrike AI Red Team Services, reinforcing its leadership in protecting the infrastructure, systems and models driving the AI revolution. Leveraging CrowdStrike’s word-class threat intelligence and elite-expertise in real-world adversary tactics, these specialized services proactively identify and help mitigate vulnerabilities in AI systems, including Large Language Models […]| Merchant Fraud Journal
PLEASANTON, Calif.–(BUSINESS WIRE)–Global branded payments provider, Blackhawk Network (BHN) has partnered with Visa Inc. and Mastercard to bring the speed, convenience and security of an eGift into physical retail stores with the launch of Visa® eGift and Mastercard® eGift. The patented, tamper-evident gift carrier does not have a card inside. Rather, once the eGift is activated at purchase, consumers use a mobile device […]| Merchant Fraud Journal
BUCHAREST, Romania & SANTA CLARA, Calif.–(BUSINESS WIRE)–Bitdefender, a global cybersecurity leader, today announced the launch of Scam Copilot, an advanced technology platform powered by artificial intelligence (AI) and designed to detect and fight scams along with fraud attempts across devices including computers, tablets, and mobile phones. The platform has been integrated into several Bitdefender digital life protection consumer […]| Merchant Fraud Journal
BOSTON, Oct. 9, 2024 /PRNewswire/ — Recorded Future, the world’s largest threat intelligence company, today announced new industry-first ransomware detection capabilities to proactively address threats across the entire attack lifecycle. These capabilities provide real-time visibility into the most pressing and unique risks facing organizations, including ransomware group operations and targeted victims within their specific ecosystems. Powered by Recorded […]| Merchant Fraud Journal
Criminal rings are ramping up their use of bot attacks. Fraud rings and fraud fighters alike are turning to artificial intelligence to achieve their goals. While bot-driven fraud attacks on ecommerce sites have come in waves, the year-over-year trend by month is upward. (Graphic: Business Wire) September 12, 2024 09:00 AM Eastern Daylight Time SAN […]| Merchant Fraud Journal
DALLAS , Aug. 15, 2024 /PRNewswire/ — Today marks a pivotal moment in the field of AI with the launch of DataMantis, a visionary AI venture poised to redefine how businesses leverage artificial intelligence. Founded by tech visionaries Suresh Dakshina and Srii Srinivasan, the innovative duo behind their last successful venture Chargeback Gurus, DataMantis embodies their relentless pursuit of […]| Merchant Fraud Journal
SymphonyAI and Absa Group Recognized as ICA Compliance Awards “2024 Technology Partner of the Year” for Predictive and Generative AI SaaS Innovations Partnership recognized by International Compliance Association for its collaborative work in AI-driven risk management that reduced false positive alerts by 77% and accelerated the new risk identification hit rate by 10.5% July 08, […]| Merchant Fraud Journal
Explore the best AI deepfake detection tools to spot fake videos, images, and audio. Compare real-time analysis, accuracy, and features for your needs.| eSecurity Planet