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Visa's 24/7 war room takes on global cybercriminals
- Visa runs its main fraud monitoring center in Ashburn, Virginia, complemented by similar sites in London and Singapore to provide continuous, round-the-clock cyber threat surveillance worldwide.
- This setup responds to rising organized crime syndicates, including multi-billion-dollar cyber scam centers in Myanmar exploiting victims and consumers worldwide.
- Visa’s network processes $15 trillion annually, about 15% of the global economy, and handles millions of attacks mostly blocked automatically.
- Over the past five years, Visa invested $12 billion in AI-powered fraud detection as criminal groups increasingly exploit network vulnerabilities, says Michael Jabbara.
- Jabbara's comments highlight a surge in attacks from structured criminal organizations focusing on scams that manipulate consumer emotions globally.
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Arab News+2 Reposted by 2 other sources
Visa’s 24/7 war room takes on global cybercriminals
ASHBURN, United States: In the heart of Data Center Alley — a patch of suburban Washington where much of the world’s Internet traffic flows — Visa operates its global fraud command center. The numbers that the payments giant grapples with are enormous. Every year, $15 trillion flows through Visa’s networks, representing roughly 15 percent of the world’s economy. And bad actors
·Riyadh, Saudi Arabia
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Total News Sources51
Leaning Left3Leaning Right8Center11Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
14%
C 50%
R 36%
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