AI-Powered Fraud Found The Seam Between Cybersecurity & Payments Risk
AI-Powered Fraud Found The Seam Between Cybersecurity & Payments Risk
Publish Date: 2026-04-22 21:00:00
Source Domain: www.forbes.com
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Structural fragmentation: Payment processors and financial institutions’ cybersecurity and fraud teams operate in isolated departments with different budgets and monitoring systems, leading to fragmented defenses.
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High global fraud losses: In 2024, global card fraud reached $33.41 billion with the US bearing nearly 42% of these losses despite processing only 26% of the volume of transactions.
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Cybercrime on the rise: There was a 33% year-over-year increase in cybercrime losses, with a significant surge in vulnerability exploitation noted in the Verizon 2025 Data Breach Investigations Report.
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AI exploits fragmentation: Hackers leverage artificial intelligence to exploit the siloed defenses, executing multi-step attacks that go undetected as defenders operate in isolated departments.
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Unified risk architecture needed: Success in combating fraud requires treating security, fraud, risk, and cyber operations as interconnected elements that work together in real time to prevent and respond to threats effectively.
