Hackers linked to Iran are likely to target World Cup fans and the event’s infrastructure, according to a report by ynet Global. BDO Head of Cybersecurity for EMEA Ophir Zilbiger said the conflict between Iran and the United States is likely to increase the already...
Fraud and financial crime are persistent pressures for businesses and financial institutions, forcing organizations to reconsider how they move money and how they defend funds that are in motion. The spread of sophisticated fraud schemes, including those supported by artificial intelligence, has sharpened awareness of...
Treasury Secretary Scott Bessent says American banks are working to safeguard against AI-related cyberthreats. Bessent addressed the issue Sunday (May 3) in an interview with Fox News, coming in the wake of a meeting he and Federal Reserve Chair Jerome Powell held with Wall Street...
Watch more: What’s Next in Payments With Trulioo’s Hal Lonas Data has become so widespread across commerce and financial services that its presence alone no longer confers any distinction. What matters now is whether companies can convert that information into decisions that shape outcomes in...
Watch more: What’s Next in Payments With WEX’s William Fitzgerald Payments fraud continues to evolve at a pace that strains conventional defenses, as increasingly automated attacks expose the limits of static controls and legacy authentication methods. The risks are no longer confined to isolated incidents....
Earlier this month, the White House announced funding cuts at the Homeland Security Department’s cyberdefense unit. Now, cybersecurity experts and lawmakers are warning that those cuts and earlier staff departures have hindered the ability of the Cybersecurity and Infrastructure Security Agency (CISA) to work with...
OpenAI will start rolling out a frontier cybersecurity model called GPT-5.5-Cyber to “critical cyber defenders” within days, CEO Sam Altman said in a Wednesday (April 29) post on X. “We will work with the entire ecosystem and the government to figure out trusted access for cyber; we want to rapidly help secure...
Artificial intelligence has opened Pandora’s box for enterprise cybersecurity. What it found was that the modern enterprise is no longer a closed system. It is a web of dependencies, stitched together by software vendors, cloud providers and outsourced engineering partners. Increasingly, the weakest link is...
Fraud is growing more pervasive, more adaptive and harder to contain. Financial institutions are responding by reworking how detection, prevention and customer protection are built into payment systems. The Federal Reserve Financial Services Risk Officer Survey, released Tuesday (April 28), draws on responses from more...