Remove Cyber Security Remove Regulation Remove San Diego Remove Technology
article thumbnail

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
article thumbnail

The State of Responsible AI in Financial Services

FICO

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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
article thumbnail

America’s AI Bill of Rights is the Right Idea – and It’s About Time

FICO

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. I’m delighted that one of my key innovations for Responsible AI, the use of blockchain technology for model management governance , was recently awarded a patent by the U.S. FICO Admin.

article thumbnail

Where Are We Now? 2022 Data Science and AI Predictions Revisited

FICO

In these blogs, I review the industry trends and developments in technology set to impact businesses. Humble AI is artificial intelligence technology that will know it’s not sure about the right answer. This notion is gaining serious traction as the regulation of AI is becoming increasingly emboldened. Scott Zoldi.

Data 96
article thumbnail

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

FICO

I’m calling this new pragmatism Practical AI, and I predict this technology will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. . Scott Zoldi is chief analytics officer at FICO responsible for the analytic development of FICO's product and technology solutions.

article thumbnail

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

FICO

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Unfortunately there is no reliable way to determine whether a SAR is defensive or not because of a lack of feedback from law enforcement and regulators. Scott Zoldi.