Watch more: Need to Know With Quantifind’s Ari Tuchman An atomic physicist goes looking for the molecule that can reveal a buried land mine before someone steps on it. Years later, he is helping banks find the fraudster hiding inside a chain of legitimate-looking people,...
The payments industry’s brightest minds have built some of cybersecurity’s most sophisticated defenses around the moment money moves. But artificial intelligence is now forcing it to look further upstream. Visa, for example, said Monday (Aug. 3) that it agreed to acquire behavioral-intelligence provider BioCatch for...
Bitcoin hardware wallets were supposed to protect digital assets without the need for users to trust an exchange, bank or other intermediary. When a hardware wallet is initialized, it generates a recovery seed that ultimately controls the assets held by the wallet. That seed key...
Efforts by American retailers to prevent shoplifting appear to be paying off. That’s according to new research from the National Retail Federation (NRF), which finds external theft and fraud cases on the rise, even as the average number of shoplifting and merchandise theft cases declined...
A 5-year-old security vulnerability has reportedly allowed attackers to steal nearly $89 million in bitcoin. As CoinDesk reported Sunday (Aug. 2), the vulnerability in a 2021 firmware release for the Coldcard hardware wallet permitted the hackers — or possibly a single hacker — to siphon...
Artificial intelligence is making software vulnerabilities easier to find. That’s not necessarily making companies safer. AI-powered security systems can analyze enormous codebases, identify previously unknown flaws and generate findings at a pace that would have been impossible for human researchers alone. But the machinery on...
Bank of America plans to enhance its cybersecurity capabilities in the United Kingdom and globally by acquiring England-headquartered information security specialist MDSec Consulting Limited. The bank expects the transaction to be completed during the fourth quarter, subject to the receipt of regulatory approvals, it said...
Okta plans to add identity threat detection and response capabilities to its identity management platform by acquiring Permiso Security. The acquisition will add Permiso’s identity risk signals, behavioral analytics and threat detections to Okta’s platform, Okta said in a Thursday (July 30) press release. The...
Watch more: Need to Know With Plaid’s Shaffer Bond Fraud has traditionally been treated as a problem to investigate after money has moved. That approach is becoming harder to sustain as faster payment systems compress settlement times and reduce opportunities to reverse transactions. For many...