Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
Broadcom launched Arcot Scam Defense, a new feature of its Arcot payment authentication platform designed to block social engineering fraud in card-not-present transactions. The feature adds a real-time second layer of defense that evaluates signals like device location discrepancies and delayed OTP entry, even after a successful 3-D Secure challenge.
Key figures
- Pilot review scope
- top 1% of successful challenges
- Pilot success rate cost
- 0.38 points off authentication success rate
- Fraud reported last 12 months
- nearly half a billion dollars
- Pilot estimated fraud protected
- $4 million in one month for one major pilot issuer
AI analysis
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