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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 63
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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 48
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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

Proper model package definition will improve the operational benefits of AI. I believe my AI predictions will allow the Corpus AI to strengthen and flourish during, and far beyond, the Great Correction – in a mature, standardized, auditable and regulation-ready way. Simplicity of monitoring. Ease of meeting regulatory requirements.

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FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

FICO

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. With AML operations in many banks deluged with false positives, it’s no surprise that sophisticated money launders continue to evade detection.