article thumbnail

Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend.

article thumbnail

Today’s Cyber Risk Management

Cisco

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks see billion-dollar cyber costs soaring even higher in 2021

American Banker

Big banks and other financial firms predict the cost of warding off cybercriminals will keep climbing in 2021 as they work to secure digital financial services popularized by the pandemic.

article thumbnail

Is keeping your money in a bank the safest option?

Qudos Bank

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

article thumbnail

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

CFPB 2021-0004, by any of the following methods: Federal eRulemaking Portal: Go to [link] Follow the instructions for submitting comments. Email: 2021-RFI-AI@cfpb.gov. CFPB-2021-0004 in the subject line of the message. Readers may submit responsive information and other comments, identified by Docket No. Include Docket No.

article thumbnail

Flagstar paid $1 million bitcoin ransom in 2021, case filings show

American Banker

The attack is one of three major incidents the lender has suffered in the past three years.

Bitcoin 74
article thumbnail

Job Circular: Management Trainee Officer & Experienced Banker Recruitment at South Bangla Agriculture & Commerce Bank Ltd.

FluentBanking

SBAC Bank reserves the right to accept or reject any application without assigning any reason whatsoever. www.sbacbank.com.