Key Takeaways:
- 1. PayPal and Venmo have introduced AI-powered scam alerts for Friends and Family payments to combat evolving scam tactics.
- 2. The new dynamic alert system adapts in real-time based on transaction risk levels and may even block high-risk payments.
- 3. Tips to enhance online safety include using strong passwords, monitoring accounts, updating devices, and avoiding public Wi-Fi for financial transactions.
PayPal and Venmo have launched AI-powered scam alerts to protect users from evolving scam tactics, offering dynamic alerts that adjust in real-time based on transaction risk levels. These alerts aim to empower users to make informed decisions and may even block high-risk payments automatically. In addition to utilizing these alerts, users are advised to practice good online safety habits, such as using strong passwords, monitoring accounts, updating devices, and avoiding public Wi-Fi for financial transactions.
Insight: The AI-powered scam alerts from PayPal and Venmo aim to provide users with enhanced protection against fraudulent activities by leveraging dynamic alert systems that adapt to evolving scam patterns in real-time.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/ai-scam-alerts-now-venmo-paypal-what-you-need-know
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