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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. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud.

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Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

PYMNTS

The Graduate Certificate in Blockchain-Enabled Business and the Graduate Certificate in Cyber Security will provide students with the skills that they need in emerging areas of expertise, per the report. And the cybersecurity space has the possibility to nearly triple in size by 2026, as cited by the report.

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Treasury report examines gaps in banks' AI risk management

American Banker

The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.

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Listen: Separating AI cybersecurity hype from reality

BankInovation

In this episode of “The Buzz,” Bank Automation News speaks with cybersecurity research analyst Micah Musser of Georgetown University’s Center for Security and Emerging Technologies, and a co-author of the recent report, “Machine Learning and Cyber Security: Hype and Reality” about the use of artificial intelligence (AI) and machine learning (ML) in (..)

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4 considerations for banking leaders concerned about cyber security

NCR

He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. While the ISO reports to the board on all cybersecurity, the degree to which this person is engaged across all banking functions can make a significant difference preventing digital fraud.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity. However, he noted that the move could negatively impact morale at DHS.

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Payments industry influenced by the need of greater cyber-security measures

The Paypers

(The Paypers) Bottomline Technologies report results have revealed that fraud and the need for greater cyber-security measures remain high on the agenda for financial decision makers.