Feedzai launches ‘always-on’ AI agent for fraud prevention
Fraud mitigation service provider Feedzai today launched Farol, an AI agent built to shorten fraud identification and response times and ...
Tag: fraud and anti-fraud
Fake government request leads to Revolut consumer data breach
London-based neobank Revolut has confirmed that it released sensitive customer information to a fraudster who was using an email address ...
Podcast: FIs must use AI to anticipate frauds of tomorrow, expert says
AI is changing the fraud landscape on both ends of the spectrum: Fraudsters can use AI to increase the intricacy ...
5 questions with … BMO Head of Enterprise Fraud Management Spencer Shea
AI is increasing the speed and scale at which bad actors can defraud banks and account holders, forcing banks to ...
Ransomware-as-a-Service democratizes hacking
Bad actors looking to commit ransomware attacks no longer need to be technologically savvy to be successful — Ransomware-as-a-Service, a ...
Visa to acquire BioCatch for $2.4B
Visa plans to boost its cyber, fraud, risk and security solutions with the acquisition of Israeli tech firm BioCatch for ...
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 ...
