Embedded finance is giving businesses a faster way to move money, but its next stage of growth may depend on how well companies build security into the transaction before it begins. That is the central message of “Embedding Security: Designing Fraud Risk Out of Business Transactions,”...
In the age of application programming interfaces (APIs) and artificial intelligence (AI), data governance is becoming harder for banks than perimeter defense. After all, the infrastructure powering vital advances like instant payments and personalized financial services is also creating sprawling new security risks as banks...
Foxconn, which manufactures products for Apple and Google, is reportedly recovering from a ransomware attack. A company spokesperson confirmed the incident for web publication BleepingComputer Wednesday (May 13), following claims earlier in the week by the Nitrogen ransomware operation that it had stolen 8 TB of...
Embedded payments are forcing businesses to rethink fraud prevention as a design challenge, not just a cleanup job after something goes wrong. That was the central theme of “Embedding Security: Designing Fraud Risk Out of Business Transactions,” a March PYMNTS Intelligence Business Payments Tracker Series...
JPMorganChase is making nearly $14 million in philanthropic investments to support seven organizations that are combating fraud and scams through consumer awareness and real-time prevention. These investments build on the bank’s artificial intelligence-driven defenses, real-time monitoring and rapid incident response by helping build a coordinated...
The few large banks that have access to Anthropic’s Mythos are uncovering vulnerabilities in their IT systems and are sharing information with smaller banks that don’t have access to the artificial intelligence model, Reuters reported Tuesday (May 12), citing unnamed sources. One thing the banks...
The enterprise software industry has long held on to the traditional assumption that while bugs are common, the expertise to exploit them, particularly at scale, is rare. That scarcity has helped keep digital risk manageable, if never fully contained. But a new report from Google...
Google Threat Intelligence Group (GTIG) said Monday (May 11) that it identified and may have prevented the use of the first zero-day exploit developed with artificial intelligence. Writing in the latest GTIG AI Threat Tracker, which was released Monday (May 11), GTIG said a criminal...
A European Central Bank official wants bankers to test their infrastructure for artificial intelligence-related threats. That warning came from European Central Bank Governing Council member José Luis Escrivá, who spoke at an event in the Spanish city of Tarragona on Saturday (May 9). “Recent developments...