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AI Is Changing the Face of Fraud - And Fraud Fighting

Data Breach Today

Banks Using AI to Spot Fraud, Create Synthetic Data for Better Predictive Analytics While the criminals may have an advantage in the AI race, banks and other financial services firms are responding with heightened awareness and vigilance, and a growing number of organizations are exploring AI tools to improve fraud detection and response to AI-driven (..)

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NY Department of Financial Services Issues Cyber Fraud Alert to Regulated Entities Using Instant Quote Websites

Hunton Privacy

On February 16, 2021, the New York Department of Financial Services (“NYDFS”) issued a Cyber Fraud Alert (the “Alert”) to regulated entities in light of a growing campaign to steal Nonpublic Information (“NPI”), as defined under New York law, from public-facing websites that provide instant quotes for products like auto insurance (“Instant Quote Websites”). (..)

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New Anti Anti-Money Laundering Services for Crooks

Krebs on Security

. “Cryptoassets have become an important tool for cybercriminals,” Robinson wrote. ” Cryptocurrency exchanges make use of blockchain analytics tools, he said, to check customer deposits for links to illicit activity. AMLBot is itself a reseller for Crystal Blockchain, an analytics provider.”

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

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2021 State of Analytics: Why Users Demand Better

As organizations become more data driven, their analytics requirements grow. Hanover Research recently conducted a survey that investigates the role of analytics from the perspective of knowledge workers, people who handle or use information as part of their jobs. Strengths and weaknesses of their current analytics solution.

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Fintechs turn to AI and cloud as steadfast forces for innovation

IBM Big Data Hub

With customers top of mind, we are seeing fintechs increasingly harness the power of choice and flexibility that comes with hybrid multicloud and lean into the power of data analytics to deliver enhanced experiences. We are also working with more than 130 technology partners and fintechs to validate their security and compliance posture.

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Top GRC Tools & Software for 2021

eSecurity Planet

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Contents: Top GRC tools comparison. Top GRC tools comparison.