Posted on Nov 17, 2023
You may be at risk for fraud this holiday season, particularly if you shop at the last minute....
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“Procrastination is, quite frankly, one of the keys to success for crooks,” said Paul Fabara, chief risk officer at Visa.
“They assume that you’re going to fall for that last-minute offer that guarantees delivery of the product within 24 hours, or even the same day, at a discounted price,” Fabara said.
“They assume that you’re going to fall for that last-minute offer that guarantees delivery of the product within 24 hours, or even the same day, at a discounted price,” Fabara said.
You may be at risk for fraud this holiday season, particularly if you shop at the last minute....
Posted from cnbc.com
Holidays
Shopping
Fraud
Posted 5 mo ago
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LTC Eugene Chu
..."AI fraud risks pose a growing threat
This season, new risks tied to artificial intelligence should have consumers on high alert, Fabara said. That technology can easily impersonate your likeness. So if you use voice passwords for your accounts, that may be compromised.
To limit that risk, consumers should use multifactor authentication, Fabara said, a process that requires extra steps in addition to a password, such as a verifying a code sent by email or text, answering a secret question or scanning your fingerprint.
Consumers should also be on alert for other ways they may be compromised."...
..."AI fraud risks pose a growing threat
This season, new risks tied to artificial intelligence should have consumers on high alert, Fabara said. That technology can easily impersonate your likeness. So if you use voice passwords for your accounts, that may be compromised.
To limit that risk, consumers should use multifactor authentication, Fabara said, a process that requires extra steps in addition to a password, such as a verifying a code sent by email or text, answering a secret question or scanning your fingerprint.
Consumers should also be on alert for other ways they may be compromised."...
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