AI Is Changing the Economics of Cyberattacks on Banks
South Korea’s latest wave of cyberattacks has begun to reveal an uncomfortable possibility for the banking industry. The attacks have…
Tag: Cybersecurity
Logging In Is No Longer Enough to Prove a Banking Session Is Safe
Banks have spent years strengthening the digital front door, adding one-time passwords, biometrics, device recognition and increasingly sophisticated authentication systems…
The Payment Was Authorised. The Instruction Was Fraudulent.
Financial institutions have invested heavily in making sure the person accessing a system is really who they claim to be.…
The Next Fight Against Financial Crime Will Be Regional, Not Bank by Bank
Financial crime has become increasingly difficult to contain within the boundaries of a single bank, payment network or jurisdiction. Fraudsters…
AI Shopping Agents Are About to Test the Banking Industry’s Definition of an Authorised Payment
The next major shift in digital commerce may not be another payment method or wallet, but a change in who…
India Tests Real-Time Fraud Intelligence Network Across Eight Banks
India’s proposed Digital Payment Intelligence Corporation is moving from concept to live testing, with eight banks now participating in a…
The Cybersecurity Window Is About to Collapse
Cybersecurity has always been a race, but financial institutions have at least been able to rely on one crucial advantage:…
Finzly Adds AI Security Layer to BankOS as Machine-Speed Threats Rise
Banks deploying artificial intelligence across operations are confronting a parallel problem: the same technology accelerating banking automation is also giving…
Banks Are Removing Passwords. The Hard Part Starts After They’re Gone
Getting rid of the password sounds like the end of a problem. For banks, it may simply move the problem…
A Failure of Trust: Could Financial Crime Trigger the Next Financial Crisis?
Guest Opinion by Brad Levy, CEO, ThetaRayThis article is a contributed opinion piece. The views expressed are those of the…