TransUnion has introduced new solutions designed to help organizations combat synthetic identity fraud and credit washing. The company says its Credit Washing and Synthetic Fraud Scores, announced Tuesday (Oct. 20), are the first-ever “adverse-actionable” solutions of their kind in the market, meaning lenders can make credit decisions and...
State and local governments need to prepare for attackers getting inside their networks, with cybersecurity protocols that contain intrusions before they disrupt water systems, transportation, benefits payments and other essential services. That is the central recommendation of a commentary published by Route Fifty, which argues...
Google is bringing to the United States and Canada a Financial Services Verification program that already protects 2 billion internet users in 42 countries from financial scam ads, the company said in a Tuesday (Oct. 20) blog post emailed to PYMNTS. The program will be...
Banks have plenty of fraud technology, but getting all of it to work as a cohesive line of defense is becoming a problem. The PYMNTS Intelligence report “Scams Get Personal: Why Banks Pay More to Fight Fraud” found in September that 78% of financial institutions...
Tencent’s artificial intelligence unit, Tencent Hunyuan (Tencent Hy), said Thursday (Oct. 15) that rogue AI agent activity covered in recent reports originated from evaluations of third-party models, not the company’s own models. “During these evaluations, some agents exhibited unintended web-browsing behavior, but our review found...
Banks have an opportunity to strengthen fraud prevention by looking more closely at payments that arrive with a valid login or a customer’s approval. That’s the central implication of the third key finding in “Scams Get Personal: Why Banks Pay More to Fight Fraud,” a...
Cybersecurity has always been an arms race. Artificial intelligence (AI) is turning it into a war of attrition, where the winner may be whoever can afford to keep fighting the longest. On Thursday (Oct. 15), for example, Sarah Breeden, deputy governor of the Bank of England...
England’s central bank is warning lenders they shouldn’t assume they are invulnerable to artificial intelligence (AI)-powered cyberattacks. Sarah Breeden, deputy governor of the Bank of England (BoE) said Thursday (Oct. 15) that advances in artificial intelligence (AI) meant the technology now presents a “systemic risk”...
Bank of America deployed 1,000 contractors and 3,000 employees to fix software flaws discovered by Anthropic’s Mythos and other frontier artificial intelligence models, CEO Brian Moynihan told CNBC in a report published Wednesday (Oct. 14). The bank added the contractors in the second quarter and...