Remove Cyber Security Remove Fraud Remove Operations Remove Software
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Hackers Employed By China Infiltrate Norwegian Software Company Visma

PYMNTS

Hackers employed by the Chinese government were able to get into the network of Visma, a Norwegian software company, to steal client secrets. Visma, the business software maker that has more than 900,000 corporate companies in Scandinavia and parts of Europe, said the attack was detected shortly after the hackers got into Visma’s systems.

Software 123
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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. This unfortunately makes it an easy target for cyber attackers who are looking to make a quick buck."

Fraud 177
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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. Risk Management.

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Fraud And Risk: Surveillance Is Only Part Of Good Security

PYMNTS

It’s now the largest surveillance camera manufacturer in the world, not only making network cameras but also the software to run and analyze data from those cameras. If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours.

Fraud 101
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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.”. We have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible,” the company said in a statement. The National Cyber Security Centre said it was providing technical support.

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Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

In China, individual users utilizing their Windows operating systems were impacted. The NHS has experienced a major cyber-attack, we are working with law enforcement and our advice will follow shortly!” Action Fraud, the U.K.’s Hospitals shut down in Europe. Similarly FedEx Corp.,

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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. The software and tools required can simply be too complex or too costly to pull together in piece-parts. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.