Banks getting the upper hand on card fraud but social scams getting worse, Mastercard says

Quick Summary:

AI is changing the cybersecurity game both for crooks and those protecting consumers.

Using this data, it can unusual activity in less than a second and send out warnings—warnings that give banks and merchants an opportunity to introduce additional steps to slow suspicious transactions or block them outright.

This dynamic, he says, can make it hard to warn people when a firm like Mastercard suspects a scam; in some cases, the victim will even refuse to acknowledge clear evidence of fraudulent behavior.

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Article Details

Author / Journalist: Jeff John Roberts

Category: EconomyBusiness

Markets: United States

Topics: Fortune 500 Mastercard Cyber Hacking

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 13:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 152 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28208140

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Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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