The Challenge
Surge in online fraud attacks requiring real-time defense without blocking legitimate transactions.
The AI Solution
AI-driven security infrastructure including an Account Attack Intelligence (VAAI) score using generative AI to detect and score likely fraudulent card usage patterns in real time.
Type of AI Used: Generative AI and Machine Learning for fraud detection
Results & Impact
By late 2024, Visa's AI tools blocked 85% more fraudulent transactions on Cyber Monday YoY despite a 200% spike in attempted fraud. Overall, Visa reports over $350 million in fraud attempts prevented in 2024.
