Evolution of AI and Payments Security with David Capezza, Visa - Global Anti-Scam Summit Europe 2024

Date of Event: 2024-06-25

Event: Global Anti-Scam Summit Europe 2024

David Capezza from Visa's Europe Risk Advisory presented at the Global Anti-Scam Summit 2024, focusing on the global and regional landscape of payment fraud. Capezza highlighted the complexities of the current payment ecosystem, explaining how advancements in technology, particularly AI, are impacting both fraud prevention and facilitation.

Key points included:

Global Fraud Landscape: Capezza noted that fraud rates in Europe are significantly lower compared to other regions, attributing this to advanced security technologies like tokenization, contactless payments, and early chip adoption.

Technological Advancements: AI's dual role in enhancing security and enabling fraud was discussed. Capezza detailed how fraudsters use AI for phishing, embedding malicious code, and creating deep fakes, increasing the sophistication and scale of attacks.

Complex Payment Ecosystem: The traditional four-party payment model has evolved into a complex network involving multiple entities, increasing the challenge of fraud detection and prevention.

Visa’s strategy focuses on:

Cross-Rail Visibility: Deploying technologies to detect anomalies across various payment methods.

Tailored Solutions: Creating bespoke solutions for different types of payment providers.

Smart Friction: Implementing layers of security to detect fraud throughout the payment process without hindering legitimate transactions.

Capezza concludes by emphasizing the importance of continuous innovation and collaboration to stay ahead of emerging fraud techniques.

Jun 24, 2024

1 minute read

Research Working Group Meeting: Fraudulent Tickets and Robocall Scam Tactics

Research presented to GASA examines consumers’ ability to spot fraudulent tickets and tactics found across 4.49 million scam and spam robocalls.

Topic - Fraud Prevention Region - Global Video Presentations

Fighting Fraud Without Borders: Cross-Regional Collaboration in LATAM and Beyond

Fighting Fraud Without Borders: Cross-Regional Collaboration in Latin America and Beyond

A roundtable at GASS America examined cross-regional collaboration in Latin America and beyond, focusing on fraud prevention, consumer protection and response.

News Topic - Data Sharing Topic - Scam Awareness Topic - Fraud Policy

GASA Mexico and Ministry of Foreign Affairs Hold Working Meeting on Fraud and Cybersecurity

GASA Mexico and the Ministry of Foreign Affairs Hold Working Meeting Ahead of the Chapter’s Annual Forum, “From Coalition to Action”

GASA Mexico and the Ministry of Foreign Affairs convened Mastercard and Scotiabank to discuss fraud, cybersecurity, information sharing and emerging technologies.

News Topic - Data Sharing Topic - Scam Awareness Topic - Fraud Policy

GASA Mexico Brings Journalists Together to Strengthen Digital Scam Prevention

GASA Mexico Workshop Examines the Role of Journalism in Digital Scam Prevention

GASA Mexico brought together journalists and editors to discuss digital scams, victim-centred reporting and the role of media in scam prevention.

News Best Practices Topic - Data Sharing Topic - Scam Awareness

Brazil Anti-Scam Forum 2026: Key Takeaways on Strengthening Scam Prevention in Brazil

Key insights from the Brazil Anti-Scam Forum 2026 on scam trends, prevention, intelligence sharing and cross-sector collaboration.

Best Practices Industry - Telecom Operators / Hosts Topic - Fraud Prevention Topic - Data Sharing

Consumer Education Working Group's 5-Step Scam Response Plan

GASA Consumer Education Working Group Develops 5-Step Response Plan for Scam Victims

GASA’s Consumer Education Working Group sets out a five-step response plan that organisations can use and share to support people affected by scams.

Best Practices Industry - National Cyber Security Centers (NCSCs) Topic - Scam Reporting Topic - Scam Awareness

GASA and UNODC Strengthen Global Cooperation Against Organised Fraud

GASA and UNODC Partner to Strengthen Global Response to Organised Fraud

GASA and UNODC sign an MoU to strengthen international cooperation on fraud prevention, research, criminal justice responses and awareness.

News Region - Global Topic - Fraud Policy Industry - Policy Makers

Recognising excellence in combating scams at the Scam Fighter Awards in America

Meet the Winners – Scam Fighter Awards at the Global Anti-Scam Summit America 2026

Meet the winners of the Scam Fighter Awards at the Global Anti-Scam Summit America 2026 and learn about their work in education, research, collaboration and technology.

News Topic - Data Sharing Topic - Scam Awareness Region - Global