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.
Latest blogs & research
GASA and Google Trust & Safety Workshop Sets Priorities for Anti-Scam Cooperation Across Africa
GASA Africa Chapter and Google South Africa brought anti-fraud leaders together to strengthen cross-border cooperation and scam prevention.
Allstate Identity Protection Joins the Global Anti-Scam Alliance to Strengthen the Fight Against Scams and Identity Theft
Allstate Identity Protection has joined the Global Anti-Scam Alliance (GASA) as a Corporate Member within the North America Chapter.
GASA and Whoscall Release 2026 Asia Scam Report – Taiwan
The 2026 Asia Scam Report – Taiwan, provides an in-depth look at scam exposure, channels, victim experiences, and scam awareness among people in Taiwan.
BanCoppel joins the Global Anti-Scam Alliance to bolster fraud prevention and safeguard individuals entering the banking system.
BanCoppel has joined the Global Anti-Scam Alliance (GASA) as a Corporate Member of the GASA Mexico Chapter.
The emotions scammers exploit: how social engineering influences our decisions
How scammers use fear, urgency, excitement and trust to influence decisions, and how recognising these tactics can help people prevent fraud.
Global Anti-Scam Alliance Welcomes Mastercard as Founding Member of Its Mexico Chapter
The Global Anti-Scam Alliance (GASA) announces the membership of Mastercard as a Member of its Mexico Chapter.
What Uganda’s IVR Trial Shows About Practice-Based Scam Prevention
A Uganda IVR trial shows how practice-based fraud prevention helped mobile money users reduce losses and increase reporting.
FTC’s Never EVER Campaign Helps Prevent Elder Financial Abuse With Simple, Specific Scam Warnings
The FTC’s Never EVER campaign uses simple, specific imposter scam warnings to help prevent elder financial abuse and support coordinated consumer education.