Live Breaking News & Updates on Fraud targeting ecommerce

an 11% jump in blocked fraud attempts from october through december. $110 million every day with 60% of the fraud targeting ecommerce. when you use your visa card anywhere in the world, the transaction comes through one of three visa data centers like this one where they run 500 analyses looking for any signs of fraud. other credit cards, banks and web sites run similar 24/7, operations, sharing intel with each other and police. how much of your efforts depend on artificial intelligence? >> everything we do here is powered by artificial intelligence. it gives us the super power to analyze mass amounts of data so that we can detect those fraud patterns in realtime. >> reporter: to avoid being scammed, experts advise, avoid swiping. use your chip card or mobile phone. use two step authentication. never respond to requests for password or credit card numbers, and confirm web sites are legit before pressing buy. >> we tend to fork over our

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