40% of AI data breaches caused by cross-border GenAI miuse by 2027
In excess of 40% of AI-related data breaches will be caused by the improper use of generative AI (GenAI) across borders by 2027, according to new research. Analysis by boffins at Gartners indicates the swift adoption of GenAI technologies by end-users has outpaced the development of data governance and security measures, raising concerns about data localisation due […]
AI Opportunities Action Plan: What can we learn from financial services?
The UK is moving to establish itself as a superpower in the world of artificial intelligence, thanks to the recent announcement of Sir Keir Starmer’s AI Opportunities Action Plan. Supported by a number of leading tech firms, the action plan aims to harness AI to deliver business growth and services across a range of sectors more efficiently […]
AI Financial Fraud: How fraudsters are using AI (and how to combat it)
Tackling financial fraud has become more difficult than ever in recent years, thanks to the increasing prevalence of AI (artificial intelligence) in financial fraud. A recent report from Signicat has highlighted the prevalence of AI in the murky world of financial fraud, suggesting that AI now accounts for 42% of all financial fraud attempts – while just […]
AI MONTH: A buyers guide for AI-powered anti-fraud solutions
As fraudsters become increasingly sophisticated, senior anti-fraud professionals in the UK’s e-commerce and banking sectors must leverage advanced technologies to stay ahead. AI-powered solutions offer powerful capabilities for detecting and preventing fraud. Here are key considerations when selecting a provider, based on delegate priorities at the Fraud Prevention Summit… Understanding Your Organisation’s Needs Key Considerations for Supplier Selection […]
AI MONTH: Identifying the key anti-fraud use cases in your organisation
AI is revolutionising the fight against financial fraud, offering sophisticated solutions that can outsmart even the most sophisticated fraudsters. Here are some of the key ways AI is being deployed by delegates at the Fraud Protection Summit… AI is a powerful tool in the fight against financial fraud, offering real-time detection, adaptability, and the ability […]
If you specialise in AI for Fraud Prevention we want to hear from you!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in September we’ll be focussing on AI for Fraud Prevention. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise in AI for Fraud […]
The Holy Grail: Secure, seamless user authentication in payments
By Feedzai Consumers seek a smooth, frictionless user authentication process. Merchants must ensure that online payment methods and transactions are safe from fraud. Feedzai, an AI fraud prevention platform for Acquirers, explains how businesses and merchants can deliver an online payment experience that achieves both. Security – the right controls at the right time based on the […]
AI-enhanced malicious attacks and soft ransomware targets front of mind for risk execs
Concern about artificial intelligence (AI)-enhanced malicious attacks have again topped Gartner’s emerging risk rankings in the second quarter of 2024, while new concerns regarding soft ransomware targets are also coming to the forefront of enterprise risks. “Similar to AI-enhanced malicious attacks, soft ransomware targets require minimal experience and cost to cause significant financial and reputational […]
AI-powered malicious attacks are now a top emerging risk, says study
Concern about artificial intelligence (AI)-enhanced malicious attacks ascended to the top of the Gartner emerging risk rankings in the first quarter of 2024. “The prospect of malicious actions enabled by AI-assisted tools is concerning risk leaders worldwide,” said Gamika Takkar, director, research in the Gartner Risk & Audit Practice. “The relative ease of use and quality of […]
More AI knowledge required in consumer goods brands to avoid security blunders
Artificial Intelligence (AI) refers to software-based systems that use data inputs to make decisions on their own or that help users make decisions. Generative AI refers to AI creating content in any shape or format, from writing original text to designing new structures and products. These technologies have developed rapidly over the last 18 months […]
