Mastercard has implemented generative AI technology to enhance its fraud protection measures on the Dark Web, allowing for quicker detection of potentially compromised cards by predicting full card details from partial numbers. Johan Gerber from Mastercard highlights the technology's ability to piece together stolen card details and improve trust in the banking ecosystem. By scanning billions of cards and millions of merchants, the new technology alerts Mastercard to complex fraud patterns, doubling the detection rate of compromised cards, reducing false positives by 200%, and speeding up the identification of at-risk merchants by up to 300%
https://www.finextra.com/newsarticle/44189/mastercard-takes-genai-to-the-dark-web/security