Mastercard transforms the fight against scams with latest AI tech

PURCHASE, NY – Now more than ever, scammers are taking advantage of the latest technologies like AI to deceive people. According to the FBI, across the United States people lost $12.5 billion to internet scams in 2023 alone. In the UK, fraudsters were responsible for nearly 1.4 million thefts during the first half of 2023 – the equivalent of one every 12 seconds.

To combat the growing threat of scams, Mastercard announced Scam Protect, a suite of specialized solutions powered by cutting-edge AI technologies...