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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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The top 4 trends banks can’t ignore in 2019

Cisco

Cyber security is more than just “top of mind.” With the “new normal” of mobile applications, web-based portals, and declining branch visits, cyber security vulnerabilities continue to grow in both number and complexity. What we’re reading on Cyber Security: 1. Visited a local retail branch?

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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. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence. by Scott Zoldi.

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FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

FICO

I’m proud of the innovation FICO’s data science organization continues to infuse into our solutions, and am excited to blog about the two new AML Scores. Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. by Scott Zoldi.

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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. Four 2023 U.S. FICO Admin.