When the text message came in, Kim Dow's heart sank. "Hi," it read. "Did you just make this purchase with your REI Co-op Mastercard?" The message went on to share the last four digits of Dow's card ...
Explore how AI is transforming risk management in banking, enhancing credit assessments and compliance automation, while ...
Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...
The Daily Overview on MSN
Fed on alert as OpenAI warns of a massive bank-fraud wave
OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial ...
The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...
TEL AVIV, Israel & BOSTON--(BUSINESS WIRE)--Transmit Security's Blinded by the Agent research reveals a coming crisis: consumer AI agents are defeating traditional fraud detection. Enterprises are ...
Fraud in payments is growing more sophisticated, forcing payment service providers (PSPs) to rethink their defenses. Today’s fraudsters are even leveraging AI tools to scale attacks and evade ...
As criminal organizations expand their use of information technology, the frequency of global financial fraud rises to historic levels each year, posing significant challenges for governments and the ...
Used correctly, AI can help insurers move faster, identify risk more accurately, and reduce costs without replacing human ...
Scam calls are turning the world on its head. The Global Anti-Scam Alliance estimates that scammers stole a staggering $1.03 trillion globally in 2023, including losses from online fraud and scam ...
Amber Nigam is CEO and cofounder of basys.ai, a Harvard-based company streamlining prior authorization for health plans with agentic AI. In 2023, the U.S. spent $4.9 trillion on healthcare, almost one ...
Yalamanchili sees the evolution of mainframes as a reminder that progress does not always mean starting over. Sometimes, it ...
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