VISA 2023H2 Biannual Threats Report
This report provides an overview of the top payment ecosystem threats within the past seven-month period (June 2023 – December 2023) as identified by Visa Payment Fraud Disruption (PFD). Over the course of this period, Visa PFD noted an interesting shift in threat actors’ organization, sophistication, and target choice. Threat actors and groups are evolving into more organized and sophisticated operations, utilizing advanced tactics and cutting-edge technology to facilitate large-scale fraud operations. At the same time, threat actors have turned their focus more directly on cardholders, using advanced social engineering techniques to facilitate elaborate and well-designed scams. They are increasingly targeting the weakest link in the financial security chain: humans.
