Fraud Tools, Tactics, and Techniques (FT3) is a framework developed by Stripe to enhance understanding and response to fraudulent activities by documenting the tactics, techniques, and procedures used by fraudsters. It aims to help organizations identify security gaps, develop detection mechanisms, improve incident response, and foster collaboration within the fraud prevention community. Contributions from the community are encouraged to further the effectiveness of the framework.

Mastercard is enhancing its fraud prevention measures by leveraging advanced AI technology to detect and mitigate fraudulent transactions in real-time. The new system aims to provide more accurate risk assessments and improve the overall security of digital payments for consumers and businesses alike. Additionally, Mastercard is collaborating with various partners to strengthen the efficacy of its fraud detection tools.