Google’s cybersecurity organizations said Friday (June 5) that data theft extortion groups are targeting professional, legal and financial services organizations by impersonating IT support. These groups are posing as IT technicians remotely and in person, Mandiant and Google Threat Intelligence Group wrote in a Friday blog post. In remote campaigns,...
Watch more: Need to Know With Maverick Payments’ Barry Prentice Underwriting serves as a safeguard against financial, operational and regulatory exposure, yet it can also become a bottleneck when businesses don’t fit neatly into established categories. That tension is becoming more pronounced as merchants adopt...
Klarna has launched a new security measure designed to protect its customers from impersonation scams. The company has added to its app a Klarna Inbox that mirrors all official communications from the company to the customer, including emails, SMS, push notifications and physical letters, it...
Google has introduced a fake-call detection feature designed to combat impersonation fraud enabled by spoofed phone numbers and artificial intelligence (AI) deepfake technology. Fake call detection works if both the user and their contact are using Phone by Google, the company said in a Tuesday (June 2) blog post....
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...