Experts Say About AI Chatbots Potential as Cybercrime Tool
HP Wolf Security has recorded the first case when criminals used generative artificial intelligence technologies to write malicious code to distribute a remote access Trojan.
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Visa to Acquire Featurespace for Real-Time AI Payment Protection
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Top Security Features to Look for in Dedicated Servers for Crypto Trading
Cryptocurrency trading, with its rapid pace and volatile markets, necessitates the highest levels of security for traders and their platforms. The potential for hacking, theft, and data breaches has heightened the demand for robust, secure infrastructure. A dedicated server provides the foundation for safeguarding sensitive information, offering protection against cyber threats that could compromise crypto […]
Mastercard Acquires Threat Intelligence Company
Mastercard’s latest acquisition aims to boost the company’s insights and intelligence capabilities with real-time visibility into potential threats, AI and other best-in-class technologies.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Singapore Considers Bill to Fight Fraud
Singapore is currently considering a bill that provides for the police to be able to order banks to temporarily prevent customers from transferring money to fraudsters.
Mastercard to Pilot Payment Passkey Service in India
India was chosen as the first country to experience the benefits of the new Mastercard Payment Passkey Service to facilitate payment authorisation and make online shopping more secure.
German Companies Face Financial Consequences of Cybercrime and Sabotage
On Wednesday, August 28, the results of a special survey were published, according to which last year in Germany, local companies faced financial losses of 267 billion euros ($298 billion) as a result of crimes committed in virtual space and other acts of sabotage.
Microsoft to Host Cybersecurity Summit in September
Microsoft announced on Friday, August 23, that it will hold a cybersecurity summit next month.
Mitek Expands Partnership With Alogent
Mitek, which specializes in carrying out activities in the area of developing fraud prevention tools, announced the expansion of its partnership with the Alogent payment processor.
Kiteworks Raises $456 Million
Kiteworks has announced that it has raised a $456 million growth equity investment.
Experian Expands Its Fraud Detection Capabilities
Experian added behavioral analytics to its fraud detection capabilities after acquiring NeuroID.
What Are The 3 Main Advantages Of Using Firewalls?
In today’s digital landscape, implementing a comprehensive cybersecurity strategy is crucial for organizations of all sizes to protect their networks and sensitive data from the ever-increasing threat of cyber attacks. Firewalls play a vital role in this strategy, serving as the first line of defense against malicious traffic and unauthorized access attempts. As a leading […]
How to Safeguard Financial Institutions From Malicious AI Use
Artificial intelligence (AI) is an extremely powerful and useful technology. However, when it gets into the wrong hands, innovative smart tools may be used for malicious purposes. There’s no other sector more attractive to cybercriminals than banking and financial services. Therefore, financial institutions of all kinds must take all the precautions to safeguard their ecosystems […]
Mastercard Rolls Out AI to Combat Card Fraud
Mastercard has presented a new approach to identifying compromised payment cards, which involves using a combination of generative artificial intelligence and graph technology.
Visa Says About Effectiveness of AI in Combating Fraud
Visa said that as a result of its activities investing in artificial intelligence and other technologies, last year, through the use of advanced functional solutions to ensure financial security, it managed to block the process of making 80 million fraudulent transactions totaling $40 billion.
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