Remove 2021 Remove Cyber Security Remove Security Remove Technology
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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. 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.

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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.

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

Perficient

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Email: 2021-RFI-AI@cfpb.gov.

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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.

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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.

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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

As described by ZDNet.com , "ChatGPT is a natural language processing tool driven by AI technology that allows you to have human-like conversations and much more with a chatbot. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack."; It's in its "feedback" phase from the public.

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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.