“Right now, our target customers are financial and fintech startups, as well as other companies deploying the automated process (both software and RPA) in their financial processes,” he added. “The financial systems are our current focus, but the attacks on machine learning are relevant in many other areas: process automation, e-commerce, manipulation of ‘trend detection’…
Tag: ai fraud detection
AI to fight security breaches
“Security breaches have increased 67 per cent since 2014 and 11 per cent since 2018. 4.1 billion personal records exposed in a variety of ways: 52 per cent through hacking; 33 per cent via phishing; and 32 per cent through social engineering Information security system spending is expected to reach $131 billion worldwide by the…
Arc’teryx Partners with Kount to Rethink Fraud Prevention and Deliver Personalized Customer Experiences
“Kount, the leading AI-driven fraud prevention solution, today announced that Arc’teryx, a global company specializing in technical high-performance apparel, has selected the Identity Trust Global Network to upgrade its fraud prevention and expand into new geographies while providing a frictionless and highly personalized experience for “pro” customers.” https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/arc-teryx-partners-kount-rethink-130000992.html Kount – https://www.kount.com
SafetyPay partners with Feedzai to protect customers from fraud with AI
“SafetyPay currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America. With a shared goal of making banking and commerce safe, the partnership with Feedzai enhances SafetyPay’s security, harnessing AI to protect customers across borders from fraudulent risks in real-time.” https://www.prnewswire.com/news-releases/safetypay-partners-with-feedzai-to-protect-customers-from-fraud-with-ai-300999044.html
New Research Finds More Than 40% of eCommerce Digital Transformation Fails Due to Digital Fraud
“More than 40% of businesses say fraud impedes their expansion into new digital channels and services. The report found that 48% of consumers are more sensitive to anti-fraud measures that disrupt their online experience than they were a year ago. Yet, only 64% of organizations’ customers have confidence in the security of their digital channels….