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

Broadcom launched Arcot Scam Defense, a feature of Arcot by Broadcom that blocks social engineering fraud during card-not-present (CNP) transactions by adding real-time scam detection to 3-D Secure authentication. Matt Cooke, VP and GM of Broadcom's Payment Security Division, said financial institutions face broad increases in fraud attempts driven by AI-enhanced social engineering attacks, and that fraudsters have pivoted to hacking customers directly as technical security systems have improved at blocking fraud.