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NEWS: Stripe warns of AI-powered fraud targeting online payments

Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration

By PAUL O’DONOGHUE, Senior Correspondent

GENERATIVE AI is increasingly being used for fraud attempts targeting online payments, according to fintech giant Stripe.

A new study from the US firm, which runs one of the world’s largest payments platforms, also warned of a rise in ‘large-scale’ attempted card testing attacks.

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