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[ad_1] Financial institutions are looking to AI to fight fraud, but fraudsters are using the same technology to up their attacks. “Generative AI has become...
[ad_1] Citibank has selected Akamai Technologies, a cloud-native security service provider, to fight fraud on its platform, according to BuiltWith, which tracks technology adoption and use...
[ad_1] While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to implement measures laid out in...
[ad_1] Neobanks can lean on data and rich client information to protect themselves from fraud attacks. Almost all neobank activity is accomplished through mobile devices, which...
[ad_1] TORONTO — Forty-three percent of the audience identified cybersecurity as the No. 1 risk management concern, according to a poll taken Monday during a risk-management...
[ad_1] MGM Resorts International has been saying its hotels and casinos are “operational” following a cyberattack over the weekend that appeared to take down everything from...
[ad_1] Israeli cybersecurity startup Upwind raised funds in a round that values the company at $300 million. The year-old cloud security firm raised $50 million in...
[ad_1] AI has joined the fight against bank fraud, and further enhancements to the technology are helping financial institutions monitor risk. AI technology is advancing quickly...
[ad_1] The EU AI Act, proposed in June after two years of talks, could have implications on how financial institutions across Europe use and implement AI....
[ad_1] Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving...
[ad_1] Embedded finance provider Solaris raised 39 million euros ($42 million) in a series F funding round July 11 to strengthen governance and compliance within the...
[ad_1] Financial institutions are looking to data-sharing consortiums to defend against financial crime as consumer fraud losses reached nearly $9 billion in 2022 and generative AI...
[ad_1] Financial crime continues to tick up as more payment processes move online — and fraudsters take advantage of the digital shift. In fact, 69% of...
[ad_1] HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. The $3 billion bank joined a quantum-secured network by...
[ad_1] Fraud rates continue to climb each year as fraudsters scale operations. For banks seeking to protect themselves from financial crime, it can feel like a...
[ad_1] Plaid is looking to fight fraud with its Thursday launch of a network-based tool to help financial institutions take a collective approach to a problem...
[ad_1] It’s no secret to financial institutions that fraud is on the rise. Seventy percent of financial institutions reported losses of over $500,000 to fraud in...
[ad_1] Amanda Sorensen, senior vice president of the Business Information Security Office, Bank of America Bank of America’s Amanda Sorensen, senior vice president of the Business...
[ad_1] Fraudsters found new opportunities in business email compromise scams as bank clients moved assets following the collapse of Silicon Valley Bank in March — that’s...
[ad_1] These days, financial institutions have a great deal more to manage than their customers’ money. They must also manage their customers’ personally identifiable information safely...