Credit Card Fraud

Credit card fraud is a type of financial crime where an individual uses another person's credit card information without their permission to make unauthorized purchases or transactions. This can involve stealing physical cards, obtaining card details through phishing scams, or using stolen information to create counterfeit cards.

Updater Program

An updater program is a system implemented by credit card companies that automatically updates merchants with new card numbers when a consumer gets a new card. This program aims to prevent service disruptions by ensuring merchants have the most up-to-date payment information. However, it can also create vulnerabilities for fraudsters who can exploit the system to obtain updated card details.

Uber

Uber is a multinational transportation network company that operates a mobile app-based transportation and food delivery service. It allows users to request rides from drivers who use their personal vehicles to provide transportation services. Uber has become a popular alternative to traditional taxi services and has expanded its operations globally.

Visa

Visa is a multinational financial services corporation that operates a worldwide electronic payments network. It is one of the largest payment processing companies in the world, facilitating transactions between banks, merchants, and consumers. Visa's network enables cardholders to make purchases, withdraw cash, and transfer funds electronically.

Mastercard

Mastercard is a multinational financial services corporation that operates a global payments network. It is one of the largest payment processing companies in the world, facilitating transactions between banks, merchants, and consumers. Mastercard's network enables cardholders to make purchases, withdraw cash, and transfer funds electronically.

Recurring Revenue

Recurring revenue is a business model where a company generates income from ongoing subscriptions, memberships, or recurring payments. This model provides a predictable and consistent stream of revenue, as customers pay regularly for services or products. Examples include software-as-a-service (SaaS) companies, subscription boxes, and membership-based organizations.

Zero Trust Architecture

Zero trust architecture is a security framework that assumes no user or device can be trusted by default. It enforces strict access controls and authentication measures, requiring continuous verification and authorization for every user and device attempting to access network resources. This approach aims to enhance security by minimizing the attack surface and preventing unauthorized access.

AI

AI stands for Artificial Intelligence, which refers to the simulation of human intelligence processes by computer systems. AI systems are designed to perform tasks that typically require human intelligence, such as learning, problem-solving, decision-making, and language understanding. AI technologies are rapidly evolving and have applications in various fields, including healthcare, finance, transportation, and entertainment.

Ransomware

Ransomware is a type of malware that encrypts a victim's data and demands a ransom payment in exchange for decryption. It typically targets individuals, businesses, and organizations, holding their data hostage until the ransom is paid. Ransomware attacks can cause significant financial losses and disruption to operations.