Fighting Card-Not-Present FraudVisa's Gord Jamieson on the Need to Refine Detection
Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson, head of payment system risk for Visa in Canada. But the artificial intelligence models used to detect fraud need to be refined to better mitigate this growing threat, he says.
In this video interview with Information Security Media Group, Jamieson discusses:
- How AI models can be adjusted to mitigate emerging risks;
- Why it is tough to control CNP fraud;
- Other payment fraud trends.
Jamieson, head of payment system risk at 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.