Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information. But the artificial intelligence models used to detect fraud need to be refined to better mitigate this growing threat. Gord Jamieson, head of payment system risk for Visa in Canada, previously served for 20 years as a member of the Royal Canadian Mounted Police, investigating organized crime involvement in forged credit card manufacturing and distribution. He discusses:How AI models can be adjusted to mitigate emerging risks; why it is tough to control CNP fraud;”]
Source: https://www.bankinfosecurity.com/fighting-card-not-present-fraud-a-14873