Financial scams have become increasingly sophisticated with the use of generative artificial intelligence (AI). Criminals armed with generative AI tools can easily create realistic videos, fake IDs, false identities and convincing deepfakes of company executives, CNBC reported Wednesday (Feb. 14). The impact of these scams is significant,...
Most crimes, especially most cybercrimes, are crimes of opportunity. And faced with a proliferation of simple yet effective attacks from cybercriminals leveraging scalable tactics powered by innovations like generative artificial intelligence (AI), it is the little changes across an enterprise’s defense program that can make a...
The rise of large language models (LLMs) like ChatGPT has thrust generative artificial intelligence (AI) into the driver’s seat of retail technologies, prompting brands across industry subsegments to reassess their strategies. This development follows retailers’ years-long efforts to leverage AI’s earlier iterations to support novel...
The rise of large language models (LLMs) such as ChatGPT has thrust generative artificial intelligence (AI) into the driver’s seat of retail technologies, prompting brands across industry subsegments to reassess their strategies. This development follows retailers’ yearslong efforts to leverage AI’s earlier iterations to support...
May 16, 2023
Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent fraud and keep criminals at bay is far from over. […]
April 26, 2023
Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention toolkits against increasingly digital and...
December 21, 2022
Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment is the Wirecard case, in...
November 01, 2022
Corporate fraud and corruption have risen since 2020, as the digital transformation that accompanied the pandemic opened new opportunities. New channels for workflows have left companies playing catch-up with oversight...
February 14, 2024
Financial scams have become increasingly sophisticated with the use of generative artificial intelligence (AI). Criminals armed with generative AI tools can easily create realistic videos, fake IDs, false identities and convincing deepfakes of company executives, CNBC reported Wednesday (Feb. 14). The impact of these scams is significant, according to the report. A recent survey by the Association for […]
July 25, 2023
French multinational Thales has acquired cybersecurity firm Imperva from owner Thoma Bravo for $3.6 billion. The deal, announced Tuesday (July 25), is designed to bolster Thales’ digital identity and cybersecurity business improve its data security capabilities and help...
July 20, 2023
Hackers are increasingly employing “supply chain attacks” that give them access to multiple targets. In these hacks, cybercriminals compromise software or service providers to steal data or money from users...
May 10, 2023
Experian has launched a FinTech-centric version of its fraud prevention network in the U.S. Announced Wednesday (May 10), this new iteration of the company’s Experian Hunter data network is being...
