Companies fall short on curbing cybersecurity risks from vendors: Moody’s
CFO Dive
APRIL 8, 2024
Cyberrisks are mounting, with artificial intelligence likely to increase the threat of attack in the short to medium term, Moody’s said.
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The Threat Intelligence Gateway Waging War On 100M Threat Vectors
PYMNTS
AUGUST 28, 2018
Firewalls, from the biggest to the smallest, are under assault all day, every day from the staggering number of cybersecurity threats floating around the digital sphere — a fact that probably doesn’t come as much of a shock to most people at this point. That, he noted, is just an outcome of the law of large numbers.
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Director Of National Intelligence Warns Of Coming IoT Security Threat
PYMNTS
MAY 12, 2017
According to Director of National Intelligence Daniel Coats, smart devices are more than an attractive target for hackers for profit — they could also be the launching ground for attacks on U.S. intelligence efforts in the future. “Russia is a full-scope cyber actor that will remain a major threat to U.S.
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Managing the rising cost of cybersecurity: Strategies for CFOs
CFO Talks
FEBRUARY 9, 2024
Cybersecurity has become an increasingly critical concern for businesses across the globe, with cyber threats evolving in sophistication and frequency. Critical challenges for CFOs: CFOs face significant challenges in figuring out how to spend money on cybersecurity and setting up plans to respond to cyber threats early.
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How CFOs and businesses should mitigate cybersecurity risks in 2024
Future CFO
JANUARY 29, 2024
For 2024, Kaspersky’s researchers predict that phishing remains to be a major cyber threat with the advancement of digitalisation and technology adoption in Asia Pacific at the consumer level. Factoring the escalating and unavoidable risk of cyber threats into security budget. Creating awareness among employees. Additional support.
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The promise of generative AI for cyber security
Future CFO
OCTOBER 16, 2023
From reconnaissance to action, generative artificial intelligence can be useful for defence all along the cyber kill chain. Generative AI can present complex threats in easy-to-understand language, advise on mitigation strategies and help with searches and investigations.
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Major cybersecurity trends in 2024
Future CFO
OCTOBER 26, 2023
Familiar threats such as ransomware and hacktivism have evolved, with criminal gangs modifying their methods and tools to infect and affect organisations worldwide, CPR said, adding that even legacy technology such as USB storage devices regained popularity as a vehicle to spread malware.
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Evolving threats in cybersecurity: Strategies for businesses
CFO News
JUNE 29, 2023
Businesses can benefit from sharing threat intelligence and collaborating with industry peers, government agencies, and cybersecurity organizations. By sharing information about new threats and attack techniques, organizations can collectively strengthen their defenses.
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Surge in cybercrime: 8% spike in global attacks
Future CFO
AUGUST 29, 2023
There is a sign showing a surge in cybercrime, according to Check Point Research (CPR)— the threat intelligence arm of Check Point Software Technologies. USB Devices have resurfaced as significant threats, with both state-affiliated groups and cybercriminals deploying USB drives as vectors for infecting organisations globally.
AI unlikely to destroy significant numbers of jobs, ACCA says
Future CFO
FEBRUARY 5, 2024
Not a threat In the accountancy profession, ACCA views that AI is unlikely to destroy significant numbers of jobs. While applications are largely in the early stages of adoption, development continues rapidly, ACCA says.
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Understanding the role of AI, machine learning in credit score optimisation
Future CFO
DECEMBER 5, 2023
Artificial intelligence and machine learning have been changing how things are being done in different industries. Artificial intelligence has made looking at the money history way better as it quickly check lots of information and find patterns way faster than humans can. This saves time and stress from doing it manually.
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Organisations to make use of generative AI for cyber defence
Future CFO
OCTOBER 15, 2023
Senior executives in companies are looking into using generative artificial intelligence for cyber defence in the next 12 months, according to a survey by PricewaterhouseCoopers International. Companies are in need of establishing sound AI governance to get ahead of risks that come with the exploration of the technological development.
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Asia Pacific becomes the new ground zero for cybercrime
Future CFO
JUNE 26, 2023
The democratisation of malware is also in full swing, with recorded incidents of threat actors using ChatGPT to generate code designed to help less-skilled actors launch cyberattacks with ease, he added. Cybercrime knows no borders, and it is crucial for APAC countries to collaborate with international partners in combating cyber threats.
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Cybersecurity Firm FireEye Hacked By Suspected Nation-State
PYMNTS
DECEMBER 9, 2020
We were attacked by a highly sophisticated threat actor, one whose discipline, operational security, and techniques lead us to believe it was a state-sponsored attack,” Kevin Mandia , chief executive officer, said in the post. The tool kit mimics the behavior of many threat actors and is used for diagnostic purposes, he said.
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Understanding the benefits of AI in accounting
Future CFO
APRIL 28, 2024
One of the five agendas that the Association of Chartered Certified Accountants (ACCA) identified for finance professionals to create a a better, fairer, and more sustainable world is the importance of understanding the benefits of artificial intelligence in the accountancy profession.
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CFOs: Have your organisation prioritised cyber resilience?
Future CFO
JUNE 13, 2023
The financial losses from such targeted cyberattacks cost up to US$109,000 for enterprise segment in 2022, including reputational damage as proprietary data gets leaked or sold to other malicious threat actors, Kaspersky pointed out.
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Oxford, Mastercard To Launch Online Course On Digital Ethics, Privacy, AI
PYMNTS
APRIL 21, 2020
Called the Oxford Cyber Future Program , the six-week class will cover artificial intelligence, cybersecurity, threat analytics, data privacy and digital ethics, a press release states. Program Director David Shrier will also contribute.
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The evolution of accounting
Future CFO
JANUARY 22, 2024
Cloud-based accounting platforms have responded by heavily investing in state-of-the-art encryption protocols and multi-factor authentication to fortify defenses against cyber threats.
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Hack Of C-Suite Email Addresses Portends Surge In BEC Fraud
PYMNTS
NOVEMBER 30, 2020
They've been selling for $100 to $1,500 based on the value, and threat intelligence experts note that the accounts might have been accessed via a data-stealing mechanism called AzorUlt, which works by buying data from computers infected by the program. apparel maker and the CFO of a European retail chain," according to Engadget.
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Report: Overcoming ID Fraud’s Technology Blind Spots
PYMNTS
SEPTEMBER 23, 2020
Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. One of the most common threats to FIs is identity fraud, with fraudsters posing as consumers to gain access to their accounts or apply for loans they have no intention of paying back. billion in 2019.
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Will The IoT Choose The Next World Superpower?
PYMNTS
FEBRUARY 20, 2020
Smart Cities and 5G Threats. The latest Intelligence of Things Tracker® looks at what’s possible in 5G smart cities, with companies including Cisco getting ahead of 5G-speed cybercrime that’s sure to come along with fast new networks. Check out the Intelligence of Things Tracker® for full details.
The top risks for 2024
Future CFO
DECEMBER 11, 2023
Cyber threats 4. Cyber threats 2. Forging ahead with artificial intelligence capabilities 4. Economic conditions, including inflationary pressures 2. Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges 3. Third-party risks 5. Embracing new talent strategies 5.
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How DocuSign Keeps Phishers From Hooking Their Data
PYMNTS
JANUARY 24, 2020
The company leverages both threat intelligence and employee awareness to keep it, its workers and its customers safe and believes that understanding fraud is a significant component to combatting it. Threat intelligence is only half the equation, however. Tracking Phishers’ Angles. Smarter Employees Are Safer Employees.
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Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams
PYMNTS
OCTOBER 16, 2020
Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. In this month’s Preventing Financial Crime Playbook, Armistead explains how artificial intelligence (AI) can offer a bird's eye view of suspicious transactions and stop fraudsters from exploiting legitimate customer vulnerabilities.
Why ChatGPT Is No Threat To Real Advisors
Nerd's Eye View
MAY 15, 2023
The financial advisory industry has faced many purported technological ‘threats’ over the past several decades. Read More.
Beyond Budget Season: Continuous Financial Planning for Success
Centage
AUGUST 29, 2023
By adopting continuous financial planning, financial pros can do better at keeping costs in line, managing investments, taking advantage of opportunities, and reducing the risk of threats. Pulling historical data and using it to predict future trends and industry directions is the main intelligence used to create traditional budgets.
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SMBs Severely Underestimate Data Breach Costs
PYMNTS
SEPTEMBER 21, 2019
“All these threats mean that businesses need to cast a wide ned and use a variety of tools to keep their businesses and their customers safe.” 3 million in grant money will be used by IBM to develop a threat intelligence sharing platform, according to GovTech reports last week. ” The U.S.
Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough
PYMNTS
APRIL 21, 2020
Ripple has been walking the walk in terms of its complaints, hiring a team of experts in cybersecurity and digital threat intelligence to combat fraud and implementing a new submission form online for users to report instances of fraud they’ve seen.
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The CFO, Digital Transformation and AI
Future CFO
MARCH 13, 2024
One of the buzzwords in the industry over the last few months has undoubtedly been: artificial intelligence (AI). Yesterday’s quick fixes or perfect solutions can fail to hold up over time and eventually become a threat to an organisation. Addressing technical debt Investment in new technology can come with a hidden cost.
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Radius Bank: Becoming Partners In Crime Prevention Can Help FIs Beat Fraud Rings
PYMNTS
JULY 21, 2020
One recent study found that at least 10,000 such hacker rings currently exist in the United States, meaning that FIs must forge alliances of their own to counter this pervasive threat. How Radius Bank Leverages Cooperative Threat Intelligence For Fraud Prevention. billion) in fraud attempts by harnessing shared intelligence.
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Google Reports Resurgence In Pandemic Hacking, Phishing
PYMNTS
MAY 28, 2020
Google’s security experts had their hands full in April, as its Threat Analysis Group ( TAG ) emailed 1,755 warnings to users whose accounts were targets, the California-based global technology company wrote on its blog Thursday (May 27). Slovenia, Canada, India, Bahrain, Cyprus, and the U.K.
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Equifax Strikes Deal To Buy Kount
PYMNTS
JANUARY 8, 2021
Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.
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Mobile Order-Ahead Sector Goes All-In On AI
PYMNTS
NOVEMBER 23, 2020
Artificial intelligence (AI) in mobile food ordering: tantalizing. The technology enables more intelligent decisions when it comes to identifying and predicting fraud by providing a meta analysis of attacks, allowing QSRs to create fraud profiles and determine where threats may be located. Artificial ingredients: tasteless.
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Best AI Finance News Sites
The Finance Weekly
DECEMBER 12, 2023
Artificial intelligence (AI) is quickly progressing and becoming a bigger part of our everyday lives. The magazine also covers cybersecurity, featuring stories about how ,, AI changed the cyber threat landscape in 2023. Professionals, researchers, and enthusiasts must keep informed about the ,, latest AI news , especially in finance.
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Credit Unions, CUSOs Fighting Fraudsters
PYMNTS
MAY 5, 2020
The latest report explores how “…data analytics and advanced learning tools such as machine learning (ML) can help CUs safeguard their platforms and customers against potential threats.”. Financial institutions should leverage data analytics to their benefit.
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Long Live Ukraine, Taiwan and the Nation-State
CFO News Room
FEBRUARY 4, 2022
The threats to national self-determination are wholly one-sided. The Russian and Chinese threats focus the mind on how the order of nation-states is to be protected. correctly sees China as a far more serious threat to American interests and menace to world peace and stability than Russia. France, the U.K. All Rights Reserved.
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How Cybersecurity Tries To Keep Up With Attackers’ Evolving Strategies
PYMNTS
SEPTEMBER 9, 2019
The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.
Digital Fraud Is An Inside Job
PYMNTS
JANUARY 28, 2020
The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration. Catching cybercriminals is difficult, but DocuSign helps get it done as part of its threat intelligence capability. “We Catch Me if You Can.
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Digital Technologies Drive Innovation In Retail, Banking
PYMNTS
SEPTEMBER 24, 2020
In banking, financial crime is a pervasive threat to financial institutions (FI) globally. Technologies such as artificial intelligence (AI) and video onboarding have shown promise in facing identity fraud, but each is vulnerable when implemented on its own. All this, Today in Data.
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5 Ways to Evolve Your FP&A Process During Times of Constant Change
Centage
SEPTEMBER 20, 2022
Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. It’s no secret that today’s business leaders are facing unprecedented uncertainty.
Deep Dive: How 2020’s Fraud Trends Will Shape Security Measures Going Forward
PYMNTS
DECEMBER 18, 2020
The Fraud Threats Of 2020. Chargeback fraud is now one of the most pervasive threats against the quick-service restaurant (QSR) industry, but this problem was not nearly as widespread when most restaurant transactions happened in person and any order issues could be resolved immediately. Lessons For 2021 And Beyond.
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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?
PYMNTS
DECEMBER 16, 2020
So goes the pitch at online car-buying platform Vroom , which is turning to artificial intelligence (AI) and machine learning (ML) to further accelerate the transformation of the used car business. “Buy a car entirely online, and have it safely delivered, contact-free.”
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Embracing changes in the accountancy profession
Future CFO
FEBRUARY 27, 2024
The role of technology According to a professional insight from AICPA & CIMA, integrating artificial intelligence (AI) and robotic process automation (RPA) into the finance function presents practical workflow and security applications for accounting professionals, making this one of the top trends in 2024.
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People's United Bank On How ML And Rules-Based Analysis Work In Tandem For Fraud Prevention
PYMNTS
DECEMBER 30, 2020
Connecticut-based People’s United Bank has seen this trend in action in recent months, said Karen Boyer , the financial institution's vice president of financial crimes and fraud intelligence. Debit Fraud Threats In The Time Of eCommerce.
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