Visa Warns Cybercrime Could Rival World's Top Economies by 2025 - Reportedly Defends Against $40B In Fraud
Portfolio Pulse from Nabaparna Bhattacharya
Visa Inc. (NYSE:V) has successfully thwarted $40 billion in fraudulent transactions last year, thanks to significant investments in AI and technology. By 2025, cybercrime is projected to cost $10.5 trillion, making it the world's third-largest economy. Visa has invested over $10 billion in technology over the past five years to combat this threat. V stock has gained over 9% in the past year, and investors can also gain exposure through IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).
July 23, 2024 | 5:04 pm
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POSITIVE IMPACT
Investors can gain exposure to Visa's performance through the IShares U.S. Financial Services ETF (NYSE:IYG), which includes Visa among its holdings.
As Visa is a significant holding in the IShares U.S. Financial Services ETF, the positive news about Visa's fraud prevention efforts and technology investments is likely to have a favorable impact on IYG.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Visa Inc. has successfully blocked $40 billion in fraudulent transactions last year, thanks to significant investments in AI and technology. The company has invested over $10 billion in technology over the past five years to combat cybercrime.
Visa's significant investment in AI and technology to combat fraud is a positive indicator for the company's future performance. The successful prevention of $40 billion in fraudulent transactions showcases the effectiveness of these investments, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Visa's performance through the SPDR Select Sector Fund – Financial (NYSE:XLF), which includes Visa among its holdings.
As Visa is a significant holding in the SPDR Select Sector Fund – Financial, the positive news about Visa's fraud prevention efforts and technology investments is likely to have a favorable impact on XLF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50