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...
Synthetic identities both friend and foe in anti-fraud processes
While bad actors are creating synthetic identities to commit fraud and launder money, FIs can use synthetic identities that they...
FinCEN assesses $125M penalty against UBS
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has assessed a $125 million penalty against UBS Financial Services...
FIs need to educate consumers about AI-supported fraud
AI can remove tell-tale signs of imposter scams such as poor grammar and typos, making education for consumers more important...
Fortinet’s billing for AI-driven security operations grows 25% in Q2
Cybersecurity and networking firm Fortinet is enhancing its products to meet evolving needs as AI grows in sophistication and scope....
