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AI is about to make synthetic fraud a much bigger problem

AI is about to make synthetic fraud a much bigger problem
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Business lending fraud still higher than before COVID, survey says

Fraudsters continue to impersonate owners of small and midsize businesses at a rate comparable to the early days of the pandemic. Many lenders can take simple steps to mitigate it. ....

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Happy Identity Management Day

Happy Identity Management Day
Every dog has its day as the saying goes and it s increasingly the case that every aspect of information technology has one too a day that is, not a dog.
Today is Identity Management Day, created by the The National Cybersecurity Alliance and the Identity Defined Security Alliance. It s the first one so you can forgive the lack of greetings cards and themed balloons in the shops but there is plenty of industry comment.
Anurag Kahol, CTO and co-founder of Bitglass says, Identity Management Day emphasizes the importance of protecting our digital identities (which is increasingly critical as the acceleration of digital transformation efforts opens new doors for threat actors). With many internet users holding dozens of online accounts across various services, it has become more difficult for them to memorize numerous, complex passwords. Unfortunately, password reuse has become a common malpractice that increases the chances of account hija ....

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