In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merchants. He also highlights the emerging threat of AI-powered voice scams, urging businesses to implement MFA, behavioral biometrics, and employee education to mitigate vulnerabilities and foster collaboration among businesses, technology providers, and regulatory bodies.

Source: Help Net Security