Definition
Fraud and social-engineering campaigns accelerated by generative AI — cheaper deepfakes, phishing copy, and bot-like interaction — that overwhelm traditional OTP and rule-based fraud controls.
Key Points
- Central narrative in visa’s rationale for acquiring biocatch
- Pushes detection earlier in the digital banking session, before payment rails are hit
- Interacts with agentic-commerce and ai-agents session signals as agents become payment actors