Broadcom adds real-time scam detection to 3-D Secure authentication

Broadcom has announced the launch of Arcot Scam Defense, a new feature of Arcot by Broadcom, designed to block social engineering fraud during card-not-present (CNP) transactions. “Financial institutions are experiencing broad increases in fraud attempts driven by sophisticated, AI-enhanced social engineering attacks,” said Matt Cooke, VP and GM, Payment Security Division, Broadcom. “While technological security systems have advanced and are highly effective at blocking fraud, fraudsters have pi