📱 announces a generative AI-based fraud solution

📱 announces a generative AI-based fraud solution

Visa's solution, called Visa Account Attack Intelligence (VAAI), is designed to combat card testing attacks, in which offenders unabashedly use automated scenarios and botnets.

➡️ The solution is primarily aimed at analyzing card-not-present (CNP) transactions.

➡️ The new solution is expected to reduce losses in real time. Annual losses of 1.1 billion USD are a significant sum.

➡️ The VAAI Score is a new tool that uses generative AI components to detect and establish the degree of severity of correlation attacks. During testing, it successfully to reduce false processing by 85% compared to other risk models. The VAAI focuses on specific signals to calculate its score, ensuring higher performance.

➡️ The VAAI Score model was trained on more than 15 billion VisaNet transactions and has 6 times more features compared to previous VAA models.

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