Financial firms face rising cyber risks, data challenges
Rapidly accelerating risks, including AI-enabled fraud and cybersecurity threats, outpace many financial firms' capabilities, amplified by poor data quality and manual processes.
Beware of 'gift card draining' and two other top holiday scams, US Treasury warns
Holiday online activities like shopping, travel, donations, and digital payments are frequently exploited by scammers using AI and cryptocurrency; verify transactions and secure accounts.
Colleges have a new worry: 'Ghost students'-AI powered fraud rings angling to get millions in financial aid
Colleges are battling AI-powered fraud rings that create synthetic 'ghost' students to exploit enrollment systems and financial aid, prompting new defense measures.
Sam Altman Warns of Coming AI-Created 'Fraud Crisis'
I am very nervous that we have an impending, significant, impending fraud crisis. A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money.