Okta acquires Permiso as it shores up AI security offerings
Identity and access management company Okta has closed on its acquisition of Permiso Security. San Francisco-based Okta provides cloud-based software...
Scotiabank’s AI assistant hits 95% adoption across workforce
Scotiabank reported a 95% adoption rate for Scotia Navigator, its AI assistant launched in April to support employees with research,...
Top 4 fraud threats FIs should watch for
Fraud poses new threats each year as AI grows in sophistication, requiring FIs to increase monitoring and enhance fraud detection...
AI shortens fraud detection, response times
E-commerce and digital banking allow transactions to be completed in seconds, making it increasingly vital for FIs to use AI...
Data centralization, AI can help combat chargeback fraud
AI can be a valuable tool in identifying and preventing chargeback fraud — a growing problem — but only if...
UniCredit Poland rolling out Flagright financial crime compliance platform
UniCredit Poland is implementing tech firm Flagright’s AI-native platform for financial crime compliance, continuing the trend of FIs increasingly turning...
Cisco clients spend more on security to prepare for Mythos, quantum
Clients of networking and technology company Cisco spent more on security in the company’s fourth quarter, and company executives say...
FIs cannot rely solely on legacy systems for cybersecurity
Most FIs use AI in some capacity, but many continue to place their trust in tried-and-true legacy security systems. “If...
Banks must balance caution, customer inconvenience
Digitalization and AI implementation can streamline bank operations, but new technologies can work against an institution if they create friction...
Nonhuman traffic surpasses human traffic on Cloudflare network
For the first time, core internet service provider Cloudflare saw more nonhuman traffic flow across its network than human traffic...
