Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

CYJAX, a leading provider of real-time cyber threat intelligence, today announced the launch of its next-generation Payment Fraud Intelligence platform, a proactive solution designed to help financial institutions detect, mitigate, and prevent payment fraud before it occurs. In today’s fast-paced threat landscape, fraud teams are expected to detect, act, and refund: fast.

In the ever-evolving world of retail, cyber threats are no longer a distant concern, they’re a daily reality. Over the past year, around 612,000 UK businesses reported experiencing a cyber breach or attack. Phishing remains the most common and disruptive method, targeting 85% of those affected. The retail sector, in particular, sits on a goldmine of customer data, credit card details, email addresses, and purchase histories, all of which are highly attractive to cybercriminals.

Fraud is everywhere. From phishing emails to fake investment schemes, scams have become an unfortunate part of our digital lives. However, one type of fraud that strikes fear across the board, affecting both individuals and businesses, is card and payment fraud. Unlike other scams, this one hit directly where it hurts: your money.

Five centuries after the printing press was invented, the digital age began. With significant revolutions in knowledge dissemination, the era taking place now has seen vast amounts of information become instantly accessible. Whilst this is generally seen as a positive in most countries worldwide, malicious intentions persist across the digital world.