Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud

Broadcom Inc. PALO ALTO, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductors and infrastructure software, today announced the launch of Arcot Scam Defense, a groundbreaking new feature of Arcot by Broadcom, designed to block social engineering fraud during card-not-present (CNP) transactions. "Financial institutions are experiencing broad increases in fraud attempts driven by sophisticated, AI-enhanced social engineering attacks," said Matt Cooke, vice president and general manager, Payment Security Division, Broadcom.