BAKU, Azerbaijan, June 21. Visa multinational financial services corporation has invested more than $9 billion to develop information technology and cybersecurity, Vice President, Regional Manager of Visa in Central Asia and Azerbaijan Christina Doros told Trend.
Doros noted that the company has invested $500 million in the development of a solution against specific types of fraud.
"Whenever solutions are being created security elements are always immediately integrated into them. Of course, fraud is unavoidable, especially in online environment. Effectively fighting it, which we have been doing successfully over the period of the company's operation, has allowed us to gain trust of our partners and card users,” Doros said.
“Our company invests greatly in the development of cybersecurity. Visa has invested more than $9 billion in artificial intelligence, anti-fraud systems and more, over the past five years,” Doros noted.
“We have invested $500 million in the development of a solution against specific types of fraud. This solution consists of 60 types of barriers to fraud. Using this solution only allowed us to prevent fraudulent transactions for very large sums in 2021. The huge database allows us to make very effective decisions to counteract cybercriminals," she added.