Account Takeover Fraud , Artificial Intelligence & Machine Learning , Fraud Management & Cybercrime

Fighting Card-Not-Present Fraud

Visa's Gord Jamieson on the Need to Refine Detection
Gord Jamieson, head of payment system risk for Visa in Canada

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.

See Also: Rapid Digitization and Risk: A Roundtable Preview

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.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Suparna Goswami is Associate Editor at ISMG Asia and has more than 10 years of experience in the field of journalism. She has covered a variety of beats ranging from global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine, and leading Indian newspapers like DNA and Times of India.




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