The pros and cons for AI in financial sector cybersecurity

The pros and cons for AI in financial sector cybersecurity

Much has been written about the threats and perils artificial intelligence (AI) poses to financial services and how it can be used by cybercriminals to infiltrate customer accounts. In an industry already plagued by constant fraud concerns, where it’s predicted that the global cost of fraud will surpass $40 billion by 2027, the explosive popularity of AI, and the additional hazards it presents, have not necessarily been met with widespread enthusiasm across the sector. Because…

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Why are phishing attacks destroying SMBs?

Why are phishing attacks destroying SMBs?

Phishing scams have become an all-too-common threat. Through spear fishing, vishing and other forms of social engineering, cybercriminals trick business owners and employees into disclosing sensitive information like credentials and passwords, eventually resulting in data breaches and ransomware installations on a business’s network. According to Accenture, 43% of cyberattacks are aimed at small businesses. But why have these attacks become so prevalent and so successful? Macro trends have pushed workplaces to permanently adopt a hybrid…

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New SecuriDropper Malware Bypasses Android 13 Restrictions, Disguised as Legitimate Applications

New SecuriDropper Malware Bypasses Android 13 Restrictions, Disguised as Legitimate Applications

A new malware is bypassing an Android 13 security measure that restricts permissions to apps downloaded out of the legitimate Google Play Store. A new report from ThreatFabric, a fraud protection company, exposes SecuriDropper malware, which is capable of bypassing Android 13 restricted settings. The malware makes Android consider the installation as coming from the Google Play Store, though in reality it isn’t. It’s highly recommended for organizations to use Mobile Device Management solutions and…

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Combatting the next wave of AI fraud

Combatting the next wave of AI fraud

Combatting the next wave of AI fraud | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses…

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AI: Fraudster’s greatest weapon and a company’s greatest defense

AI: Fraudster’s greatest weapon and a company’s greatest defense

AI: Fraudster’s greatest weapon and a company’s greatest defense | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This…

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Financial fraud prevention strategies

Financial fraud prevention strategies

Financial fraud prevention strategies | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this…

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How organizations can navigate an evolving fraud landscape

How organizations can navigate an evolving fraud landscape

How organizations can navigate an evolving fraud landscape | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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Optimize ID verification for safe, efficient omnichannel experiences

Optimize ID verification for safe, efficient omnichannel experiences

Optimize ID verification for safe, efficient omnichannel experiences | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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Fraud prevention practices to protect growing e-commerce retailers

Fraud prevention practices to protect growing e-commerce retailers

Fraud prevention practices to protect growing e-commerce retailers | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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