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State-Backed Hackers Playing On COVID-19 Fears, US And UK Warn

PYMNTS

The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. Amazon has had to scramble to get rid of numerous fake or counterfeit products related to the virus, including some things marketed as cures. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

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

Perficient

fraud detection and financial crime monitoring). It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. The challenge is to ensure that the software being developed is not coded with biases. Credit Decisions.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

Financial institutions have the opportunity to make security investments that also increase their ROI. Here are two such security investments: Keystroke Encryption Software. Keylogging spyware can be embedded in emails, videos and music files, software downloads and even legitimate websites. Total Identity Monitoring.

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UK Banks Halt Foreign Currency Service Due To Travelex Attack

PYMNTS

2, Travelex took to Twitter and admitted to a “software virus.”. Travelex, owned by the Abu Dhabi-based financial services group Finablr , serves over 70 markets. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

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Our Scams Model Just Won an Award for Machine Learning

FICO

I’ve previously discussed our company’s work on an Artificial Intelligence-based scams model for FICO® Falcon® Fraud Manager and the technology behind it. To build the award-winning scams model, my team had to take a different approach from our traditional work on fraud models. Explore all our fraud prevention and detection offerings.

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FICO Cyber Risk Score Is First on AWS Marketplace

FICO

Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors. To learn more about the FICO® Cyber Risk Score visit [link]. by FICO.

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

FICO

The stock market tanked, interest rates spiked and many thousands of people lost their jobs. In a letter to Alphabet management TCI provided a brief glimpse of the obvious: “Unfortunately, enthusiasm for self-driving cars has collapsed and competitors have exited the market.” Time to market. JessicaButalla@fico.com. Ethical AI.