KARACHI-Visa Inc. (NYSE:V), the world leader in digital payments, has shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously targeting online and offline vulnerabilities as our daily lives return to a blend of in-person and e-commerce experiences.
“As in-person commerce returns to pre-pandemic levels, crooks are back to exploiting the physical points of vulnerability in stores, while continuing to capitalize on e-commerce through malware, ransomware and phishing attacks, among others,” said Neil Fernandes, Head of Risk in NALP and GCC regions at Visa. Two new pieces of global research – the latest Visa Biannual Threats Report and an MIT Technology Review Insights study “Moving Money in a Digital World,” were released on October 6 in partnership with Visa, highlighting new and returning threats to the post-pandemic economy.