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...
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...