Visa launched a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in Cybersecurity and fraud prevention across Central & Eastern Europe, Middle East and Africa (CEMEA) at the Visa CEMEA Security Summit 2019 in Barcelona, Spain. The forum brings together payment industry experts from risk, business and operational departments of financial institutions, merchants, processors and other payment service providers. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants. The new capabilities are available to Visa clients at no additional cost or sign-up but through Visa\u2019s continued investments in intelligence and technology. These add to the long list of benefits financial institution and merchant clients enjoy as participants in the Visa global payment network. "Cybercriminals attempt to bypass traditional defences by stealing credentials, harvesting data, obtaining privileged access, and attacking trusted third-party supply chains,\u201d said Hector Rodriguez, Regional Risk Officer, CEMEA, Visa. \u201cVisa\u2019 snew payment security capabilities combine payment and cyber intelligence, insights and learnings from breach investigations, and law enforcement engagement to help financial institutions and merchants solve the most critical security challenges.\u201d According to a global\u00a0report by Forrester Consulting commissioned by Visa, ATM cashout attacks that exploit vulnerabilities among financial institutions and processors to remove fraud controls to withdraw money from cash machines fraudulently, and automated testing of values and credentials to gain unauthorized access to information and functionality called \u201cenumeration attacks\u201d were among the most prevalent account-related fraud types identified by respondents. At the same time, card-not-present fraud that includes e-commerce, phone and mail orders was found to be less frequent but caused more damage to businesses representing nearly 40% of fraud losses and operational costs. Managing payment fraud holistically is imperative to meet these challenges. Protecting the Ecosystem from Threats At the centre of every Visa, the transaction is trust. As threats evolve, Visa\u2019s payment security capabilities help to holistically protect the core components of the ecosystem\u2014people, data and infrastructure\u2014to maintain trust and connect the world through the most innovative, reliable and secure digital payment network. The new security capabilities add to existing protections and include: \tVisa Vital Signs \u2013 Actively monitors transactions and alerts financial institutions of potentially fraudulent activity at ATMs and merchants that may indicate an ATM cashout attack. To limit financial losses for financial institutions, Visa can automatically or in coordination with clients, step in to suspend malicious activity. \tVisa Account Attack Intelligence \u2013 Applies deep learning to Visa's vast number of processed card-not-present transactions to identify financial institutions and merchants that hackers may be used to guess account numbers, expiration dates and security codes through automated testing. The machine learning technology detects sophisticated enumeration patterns, eliminates false positives, and alerts affected financial institutions and merchants before fraudulent transactions begin. \tVisa Payment Threats Lab\u2013Creates an environment to test a client\u2019s processing, business logic and configuration settings to identify errors leading to potential vulnerabilities. For example, Visa can verify if a financial institution is effectively validating cryptograms\u2014dynamically generated codes unique to each transaction\u2014for EMV\u00ae chip transactions. \tVisa eCommerce Threat Disruption \u2013 A proprietary solution that uses sophisticated technology and investigative techniques to proactively scan the front-end of eCommerce websites for payment data skimming malware. Identifying potential website compromises limits the amount of time malware might be present on a merchant website and significantly reduces exposure of customer and payment data. These capabilities complement Visa Payment Threat Intelligence, which provides actionable and informational cyber intelligence to clients and merchants worldwide. It offers timely intelligence reporting, technical delivery and educational materials. This includes alerts, analysis, technical indicators, and mitigations for potential cybercrime threats, account compromises and fraud.