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Money Mules – Where Fraud, AML and Cybersecurity Converge
Introduction In an age defined by rapid technological advancement, we are concurrently experiencing a notable surge in attacks targeting customers in the financial services sector. The complexity, diversity, and sophistication of these attacks are also on the rise....
Fraud Prevention: Why a rules-based solution is ineffective
Introduction As artificial intelligence becomes increasingly ingrained in our daily lives, so does the adoption of such technologies. Like a tech tug-of-war between the good and the not-so-good. This article will address how both sides play out, what this means for...
Embrace the Future: 2024 Financial Crime Predictions Unveiled!
AI & ML Integration in the Anti-Financial Crimes Ecosystem Firstly – there’s a growing emphasis on the application of AI and ML within the anti-financial crime ecosystem, aligning closely with data governance. While organizations recognize the benefits that AI...
Safeguarding Against Financial Crimes: The Crucial Role of Data Privacy for FIs
The Importance of Data Privacy as a Preventative Measure. According to the FinCEN report, attackers exploit identity processes through impersonation, circumvention of verification processes, and using compromised credentials, showcasing the urgent need for...
