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...
The Bank Policy Institute is recommending that financial institutions and their regulators reduce direct electronic transfers of sensitive financial and supervisory data, arguing that traditional practices such as uploading files to regulator-controlled portals or sending encrypted emails can create unnecessary cybersecurity risks. In a risk-based...
Capital One has announced the open-source release of its in-house agentic AI security tool. The banking giant’s VulnHunter is designed “to apply proactive, attacker-perspective analysis directly to the source code,” Capital One said in a news release. “Advanced AI models have dramatically lowered the barrier for bad actors...
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. The report, issued by the House Financial Services Committee Wednesday (July 22), says that Americans reported $15.9 billion fraud/scam losses in 2025. That’s up 28% from the prior year and 1,800%...
Companies are pouring more money into private jets, personal drivers, home surveillance and cyber defenses to protect senior leaders. But few can say exactly how much risk that spending removes. Between 2023 and 2024, for example, Intel Corporation expanded its security spending by over 8,000%,...
OpenAI said Tuesday (July 21) that a security incident reported last week by Hugging Face was caused by OpenAI models as their cyber capabilities were being tested by OpenAI. “We consider this incident to be an unprecedented cyber incident, involving state-of-the-art cyber capabilities, and are responding accordingly,” OpenAI...