WEX will soon expand the capabilities of its WEXOnline platform for commercial fleets to include identifying and stopping potentially unauthorized fuel purchases before they are approved. The company plans to add an artificial intelligence-powered fraud prevention capability called SecureFuel to the platform for its North...
Banks are spending more on fraud detection because stopping a scam after the customer has sent the money is often too late. Sixty-eight percent of financial institutions increased their fraud-detection budgets year over year, according to the 2025 “State of Fraud and Financial Crime in...
Cyera plans to acquire Oasis Security to unify identity and data security and build a comprehensive security platform that determines what artificial intelligence agents can see and do, Cyera said in a Tuesday (July 28) blog post. The Wall Street Journal reported Tuesday that Cyera...
The traditional tête-à-tête that defines financial crime is one of technology. Fraudsters use technological innovations to probe the behavioral and digital defenses of institutions and organizations that deploy the same, or similar, technologies to fend off those same attacks while authorizing valid customer transactions and...
Velera has launched a fully integrated risk mitigation solution designed to enable credit unions to detect and respond to potential fraud events in near-real time. The new Risk Alert Manager puts credit unions fully in control of their fraud response by unifying data from all...
Card issuers must distinguish a fraudulent transaction from a legitimate one in milliseconds. Now there’s a new complication: What happens when the legitimate customer is no longer the party directly making the purchase? That question is becoming more pressing as artificial intelligence (AI) systems begin...
Microsoft has introduced an agentic security system designed to protect against cybersecurity threats posted by attackers using artificial intelligence and agents. The new Project Perception turns signals into real-time protections and uses AI to defend against AI, the company said in a Monday (July 27)...
Singapore-based stablecoin payments company Triple-A suffered a weekend security breach that affected its company assets. The incident, which happened Saturday (July 25) and was announced Monday (July 27), was part of a series of recent breaches at digital asset companies. Triple-A said the incident had...
Nvidia is leading 36 other companies in an artificial intelligence safety coalition focused on open models. The Open Secure AI Alliance comes in the wake of a cybersecurity incident in which OpenAI models targeted tech company Hugging Face, according to a Monday (July 27) Nvidia...