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Nov 30th 2021
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Home Technology News Visa gears up to combat electronic payment frauds

Visa gears up to combat electronic payment frauds

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Visa conducts an awareness programme focussing on online fraud for the CBI in Delhi.

 

New Delhi. Visa has stepped up its electronic payments security awareness initiative with a Cards Fraud and Payments System Risk Awareness Programme for Indian law enforcement agencies. It has been developed in response to growing government and public concerns around increased fraud exposure around electronic payment products, cyber security and cyber-crime.

Yesterday, Visa conducted an exclusive workshop in New Delhi where CBI officers of Economic Offence Zone participated. This workshop included insight and intelligence on global trends in fraud risk management; cybercrime and measures available to detect and combat them.

The objective of the awareness programme was to share the modus operandi of electronic payment frauds and the intricacies involved in them. The programme also focused on providing information on new technologies to track and combat online and offline frauds.

Visa had conducted a similar awareness programme for the Criminal Investigation Department (CID), Karnataka State Police in Bangalore in February 2012.

Mr. Uttam Nayak, Group Country Manager – India and South Asia, Visa said. “Fraud and Risk Management technologies are continuously evolving. Through such programmes we play our part in keeping the country’s payment system safe and ensure that law enforcement agencies have the latest skills at their disposal.”

“Cyber crime is dynamic in nature and new trends and methods continue to emerge every day. As a law enforcement agency, it is critical for us to understand the evolving cybercrime landscape and the latest technologies used to track and prevent criminal activities,” said, Shri. V. K. Gupta, Special Director, CBI.

 

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