On Black Friday, Visa reported blocking 280% more suspected fraudulent transactions in the UK compared to previous years. This reflects a stronger defense against fraud targeting shoppers during the holiday sales.

Gökçe Güven, CEO of fintech startup Kalder, faces federal charges for securities fraud, wire fraud, and other offenses. The DOJ alleges she misled investors during a $7 million seed round by providing false information about the company's operations and financial health. Güven is also accused of using fraudulent documents to secure a visa.

Visa's ARIC Risk Hub, utilizing advanced AI technology, has enabled Norway's Eika Group to reduce phishing losses by 90% within a year. The platform creates user profiles to distinguish fraudulent activities and adapts to evolving threats, enhancing fraud prevention for financial institutions globally.