PayPal Hires Yiğit Yildirim for AI-Backed Anti-Fraud Role

PayPal Holdings Inc. is tapping a former Socure Inc. executive to lead the firm’s effort to protect customers from the barrage of scammers targeting the financial-services industry.

Yiğit Yildirim will be the payments firm’s senior vice president of global fraud prevention, using tools bolstered by artificial intelligence and machine-learning models, according to a statement Wednesday.

The PayPal logo

Photographer: Gabby Jones/Bloomberg

He’ll report to Aaron J. Webster, the San Jose, California-based firm’s executive vice president and global chief risk officer.

Yildirim was most recently the general manager and senior vice president of fraud and risk products and machine-learning platforms at Socure, a digital identity ...