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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 63
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The State of Responsible AI in Financial Services

FICO

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 48
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America’s AI Bill of Rights is the Right Idea – and It’s About Time

FICO

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. The march toward AI regulation in the United States, now kicked off with the AI Bill of Rights, is a familiar pattern. America’s AI Bill of Rights is the Right Idea – and It’s About Time.

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Where Are We Now? 2022 Data Science and AI Predictions Revisited

FICO

This notion is gaining serious traction as the regulation of AI is becoming increasingly emboldened. In fact, some EU policymakers believe it is a critical goal of the AIA to set a worldwide standard, so much so that some refer to a race to regulate AI.”. Scott received his Ph.D. See all Posts. chevron_left Blog Home.

Data 96
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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

I believe my AI predictions will allow the Corpus AI to strengthen and flourish during, and far beyond, the Great Correction – in a mature, standardized, auditable and regulation-ready way. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

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

FICO

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.