Go behind the scenes to see how VISA thwarts scams as fraud increases
CBS America · New
CBS America
New
There have been nearly 1.5 million reports of fraud so far this year, which is up from 1.3 million for the same period last year. Ash-har Quraishi got a behind-the-scenes look at VISA's high-tech cyber fusion center in Virginia to see how it's fighting fraud.
Breakdown
- Americans report over $7 billion in fraud, nearing a record high 6s
- Visa uses AI at its Cyber Fusion Center to detect fraudulent activity 1m 1s
- Fraud attempts on Cyber Monday rise by over 200% versus regular days 1m 12s
- Experts recommend using credit cards and account alerts for protection 1m 51s
- Victims should contact banks and file police reports quickly after fraud 2m 25s