Fraud losses and payment failures are getting harder to recover after settlement and middle market firms are responding by moving verification and identity checks earlier in the customer relationship — turning onboarding into a core financial control point rather than a compliance step. The reason...
Experian has teamed with Fiserv to help merchants stem the tide of artificial intelligence (AI)-powered fraud. The collaboration involves the addition of real‑time debit card verification for Experian Link, the company’s payment authentication tool, Experian said in a news release Wednesday (May 27). “As AI...
For decades, catching financial crime meant hiring more people to review more alerts. Most of those alerts turned out to be nothing. Speaking at Semafor’s Banking on the Future Forum in Washington last week, Revolut U.S. CEO Cetin Duransoy said the FinTech’s AI transaction-monitoring systems...
OpenZeppelin’s CEO says AI coding agents have put the decentralized finance (DeFi) space in danger. “PSA: I now consider *all* of DeFi unsafe,” Manuel Araoz, who heads the crypto security firm, wrote in a post on social media platform X Wednesday (May 27). “Coding agents are superhuman at...
Recent cyberattacks conducted by a persona linked to Iran demonstrate the speed with which artificial intelligence-enhanced attacks can be carried out, according to cyber resilience platform supplier Gambit. The attacks by the persona calling itself Ababil of Minab swiftly moved from initial access to the...
The cyber capabilities of Anthropic’s Mythos and OpenAI’s GPT-5.5 show that there is a need for the government to develop a policy response that addresses the risks around frontier artificial intelligence models while promoting secure innovation, according to the Institute for AI Policy and Strategy...
French bank BNP Paribas has reportedly launched a cybersecurity collaboration with partners including AI startup Mistral. As Bloomberg News reported Tuesday (May 26), the effort is to help prepare for cybersecurity threats from artificial intelligence (AI) models such as Anthropic’s Mythos. “The focus has been a lot on ‘is Mythos...
The Connected Economy has relied on a few supposedly stable assumptions as it scaled. One of the most crucial was that if systems could authenticate users, encrypt communications and validate transactions, trust would scale alongside connectivity. That assumption is now failing in real time. A...
The European Consumer Organisation (BEUC), a consumer group in the European Union, said in a Thursday (May 21) press release that Google, Meta and TikTok did not protect consumers from scams. The organization filed complaints with the European Commission and other authorities about the three...