Financial fraud is the major type of cybercrime in India. The value of online financial frauds rose twofold last year, highlighting the lack of coordination between different local regulatory bodies on tackling cyber financial scams. Here are the most outrageous scam cases that recently occurred in India.
Have you noticed the increasing significance of cybersecurity in recent times? It’s no longer the concern of tech enthusiasts alone. With rapid advancements in technology, cyber threats have gotten sneakier and more widespread.
Google has announced an initiative in which this technology giant intends to offer consumers artificial intelligence tools and investments for online security.
Currently, in the United States, more than 25% of companies prohibit their employees from using generative artificial intelligence, but these measures, taken, among other things, for security reasons, are not an effective tool to counter cybercriminals who, using AI, force their victims to provide confidential information or pay fraudulent invoices.
Last year, ransomware stole more than $1 billion in virtual space.
Along with banning Paytm Payments Bank from all forms of banking services, the Reserve Bank of India (RBI) has passed information about thousands of suspicious bank accounts to the country’s financial crime-fighting agency.
Experian has introduced Fraud Protect, a tool with which car sellers will be able to record and prevent criminals from interfering in the process of interacting with customers to steal money or gain access to data classified as confidential information.
In today’s digitally-driven world, particularly as we navigate through 2024, the significance of data protection is at an all-time high. With the enforcement of strict regulations like the General Data Protection Regulation (GDPR) in Europe, and similar legislations globally, businesses of all sizes are facing increased pressure to comply. Failing to do so can result in […]
The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
JPMorgan Chase reported that over the past 12 months, there has been a daily increase in the intensity of hacker activity aimed at attempting to infiltrate the systems of this financial institution.
In China, local authorities have appealed to banks and insurance companies with a strong recommendation to inspect security systems, focusing in this case on issues such as data protection and anti-cybercrime tools.
The media reports that in Canada it is planned to start using artificial intelligence as a tool to combat money laundering.
At CES 2024, McAfee presented a technology for detecting audio deepfakes based on artificial intelligence called Project Mockingbird.
The European Central Bank (ECB) will conduct a stress test of 109 financial institutions under its direct supervision on the ability to restore the functioning process after cyber attacks.
The state of Web3 and blockchain security improved over the past year, causing a twofold decrease in losses to crypto hacks and other cybersecurity incidents.
The Preparedness Framework by OpenAI aims to track, evaluate, and forecast risks posed by increasingly powerful AI models to enhance a systemic approach to protection.
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