Chase's Layered Approach To Fighting Fraud

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. In the latest Digital Fraud Tracker, PYMNTS highlights the fraud trends and patterns that regulators are closely monitoring, as well as the solutions -- including artificial intelligence (AI) and machine learning (ML) -- that are being deployed to shift the anti-fraud effort from defense to offense. Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year.