Fraud News

CA Technologies Employs Advanced Algorithms to Thwart Credit Card Fraud

Author: Mike Vizard / Source: IT Business Edge

Machine learning algorithms clearly afford a lot of opportunity to improve cybersecurity. CA Technologies is now putting that theory to the test in the form of a CA Risk Analytics Network that makes use of machine learning algorithms to identify fraud involving the use of not present credit card transactions.

Credit card companies lose billions of dollars a year when criminals employ stolen credit card numbers to buy any number of goods and services online. Terrence Clark, general manager for CA Technologies Payment Security solutions, says CA Technologies can now reduce those losses by as much as 25 percent. Given the amount of fraud being perpetrated, CA Technologies estimates CA Risk Analytics Network could save credit card companies over two billion dollars.


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