Fraud Prevention

Rising Threats Demand Stronger Financial Cybersecurity
Regulatory & Compliance Rising Threats Demand Stronger Financial Cybersecurity

The relentless migration of financial services from traditional brick-and-mortar operations to digital-first platforms has created a new frontier of risk, fundamentally reshaping the industry's security obligations. While the convenience of online banking, mobile payments, and instantaneous digital

How Can Lenders Fight AI-Generated Fraud?
Regulatory & Compliance How Can Lenders Fight AI-Generated Fraud?

The same technological revolution empowering global innovation is now arming fraudsters with unprecedented tools to create hyper-realistic fake documentation, presenting a formidable challenge to the financial industry. As generative artificial intelligence becomes more accessible, the barrier to

Top Regulator Cashes In With Predatory FinTech Firm
Regulatory & Compliance Top Regulator Cashes In With Predatory FinTech Firm

The well-worn path from public service to private profit has claimed another high-profile traveler, raising profound questions about the integrity of the nation's financial oversight at a moment of unprecedented technological disruption. Michael J. Hsu, who for nearly the entire Biden

Are We Losing the AI Cybersecurity Arms Race?
Regulatory & Compliance Are We Losing the AI Cybersecurity Arms Race?

A recent financial firm was duped out of $25 million not through a complex network breach, but through a meticulously crafted deepfake video call that mimicked senior executives, a stark illustration of a new and perilous frontier in cyber warfare. This incident is not an outlier but a herald of a

Black Hat Europe Calls for Proactive Cyber Defense
Regulatory & Compliance Black Hat Europe Calls for Proactive Cyber Defense

The rapid escalation of digital threats has pushed the global cybersecurity community to a critical inflection point, a reality that echoed through the halls of the recent Black Hat Europe conference in London. With a theme of "The Future of Cybersecurity is Now," the event drew a record-breaking

700Credit Breach Exposes Data of 5.6 Million People
Regulatory & Compliance 700Credit Breach Exposes Data of 5.6 Million People

In one of the most significant data security incidents to impact the automotive finance sector, credit verification firm 700Credit has disclosed a massive breach that compromised the sensitive personal information of at least 5.6 million individuals across the United States. The company, which

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