Watch more: What’s Next in Payments With Paysafe’s Richard Swales Aided by technology, fraudsters attempt to mimic legitimate users in ways that traditional authentication tools were never designed to detect. As generative technologies evolve, payments provid…
Paysafe Sees Onboarding as Fraud’s New Front Line
Paysafe highlights the rise of AI-powered fraud in user onboarding, where fraudsters use generative AI to mimic legitimate users and bypass traditional authentication methods. The financial payments industry is particularly affected, facing increased account takeover and synthetic identity fraud. Paysafe calls for enhanced fraud detection in onboarding processes to mitigate these evolving threats.