“Javelin Strategy and Research report published this month, Protecting Digital Innovation: Emerging Fraud and Attack Vectors. A copy of the report can be downloaded here The survey’s results are noteworthy because they reflect how AI and machine learning-based fraud prevention techniques are helping retailers, financial services, insurance and restaurants to reduce false positives that in turn…
Tag: AI Security
Does Artificial Intelligence Help Fight Financial Fraud?
“Financial services are one of the sectors where AI and machine learning are impacted. When it comes to fraud, cyber-criminals try their best to access customer accounts. AI and machine learning can protect companies and individuals from such attacks. How AI and machine learning technologies fight against the growing fraud threat? Accurate data analysis Early…
Artificial Intelligence is What Every Bank Needs
“52% of financial services industry executives are currently making ‘substantial’ investments in artificial intelligence, and 72% of business decision makers believe that AI will be the business advantage of the future .” According to research conducted by Autonomous Next, “the aggregate potential cost savings for banks from AI applications is estimated at $447 billion by…
Alibaba’s AI Deters 300 Million Hacking Attempts
“Alibaba’s founder and former CEO Jack Ma said the company’s payments arm, Alipay, faces over 300 million hacking attacks every day, but it hasn’t suffered any problem. Alipay has one billion users and handles $50 billion worth of transactions every day and thus a target of cybercriminals.” https://esellercafe.com/alibabas-ai-deters-300-million-hacking-attempts/
Gartner: Top 10 strategic technology trends for 2020
“Gartner, Inc. today highlighted the top strategic technology trends that organizations need to explore in 2020. Analysts presented their findings during Gartner IT Symposium/Xpo, which is taking place here through Thursday. The top 10 strategic technology trends for 2020 are: Hyperautomation Multiexperience Democratization of Expertise Human Augmentation Transparency and Traceability The Empowered Edge Distributed Cloud…