Broadcom has announced the launch of Arcot Scam Defense, a new feature of Arcot by Broadcom, designed to block social engineering fraud during card-not-present (CNP) transactions. “Financial institutions are experiencing broad increases in fraud attempts driven by sophisticated, AI-enhanced social engineering attacks,” said Matt Cooke, VP and GM, Payment Security Division, Broadcom. “While technol...
Broadcom has announced the launch of Arcot Scam Defense, a new feature of Arcot by Broadcom, designed to block social engineering fraud during card-not-present (CNP) transactions. “Financial institutions are experiencing broad increases in fraud attempts driven by sophisticated, AI-enhanced social engineering attacks,” said Matt Cooke, VP and GM, Payment Security Division, Broadcom. “While technological security systems have advanced and are highly effective at blocking fraud, fraudsters have pivoted their efforts to hacking customers directly. By … More
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