2253 Results from /security
Erica Andersen Marketing at smartR AI
The new buzzword in the AI hype machine is Agentic AI and CTO's and data professionals are right to be cautious! The shift in terminology from "Small Language Models (SLMs)" to "Agentic AI" does seem like a bit of a marketing makeover. While there are some genuine advancements behind it, it's important to see through the hype.
30 January 2025 /ai /security Artificial Intelligence and Financial Services
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
More than 90% of 2024 breaches were financially motivated. No surprise that the banking and financial services industry and insurance (BFSI) is a top target for cybercriminals. Let’s explore five major attacks that rocked the industry in 2024, exploring methods used by threat actors, the resulting impact on affected organizations, and key sec
21 January 2025 /security /crime Information Security
Richard Kalas Client Solutions Director for Retail Banking at GFT Group
There has been in recent months a considerable focus on consumer attitudes towards specific elements of digital banking, whether that be the digitisation of savings and investment products, travel services or fraud protection. This time, however, let us examine a more holistic view on how consumers feel about the security of their bank, thei
17 January 2025 /security /retail Banking
Paul Holland CEO at Beyond Encryption
Sustainability has rapidly moved to the forefront of corporate priorities, placing immense pressure on the financial sector to reduce its environmental impact. Beyond regulatory mandates and boardroom discussions, the expectations of consumers are clear. Research shows that nearly three-quarters of consumers are more likely to choose a bank that ...
18 December 2024 /security /sustainable
Retired Member
In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensuring the security of sensitive information is more important than ever. ISO 27001, the global standard for information security management systems (ISMS), provides a comprehensive framework for protecting information assets from a wide range of threa...
13 December 2024 /security /regulation
Prashant Bhardwaj Innovation Manager at Crif
In our earlier conversations, Amit Gaur, a bank manager in a rural area of Haryana, often lamented the decreasing foot traffic in banks, noting that it was almost a day off after lunch hours as customers increasingly turned to digital transactions. Recently, however, he shared alarming insights about the rising tide of digital fraud affecting his
12 December 2024 /security /crime Transaction Fraud Systems and Analysis
James O'Sullivan CEO at Nuke from Orbit
Mobile phones are integral to modern life. An overwhelming 98% of 16 to 54-year-olds own a smartphone, and 59% of workers favour their phones over laptops or desktops for running their businesses. This reliance is particularly evident in financial services. Research shows that more than three-quarters (78%) of mobile users access banking service...
11 December 2024 /security /crime
Why PCI DSS Compliance is Essential ✅ In a digital-first world, securing payment data is critical. The Payment Card Industry Data Security Standard (PCI DSS) provides a framework that ensures sensitive payment card information is protected. Non-compliance can lead to hefty fines and reputational damage, making PCI DSS more than just a requirement
10 December 2024 /security /payments
The rapid advancement of artificial intelligence (AI) brings with it tremendous potential benefits, but also potential risks. To ensure AI is developed and used responsibly, the concept of AI guardrails has emerged as a crucial framework. Private Small Language Models (SLMs) would also appear to be very helpful in building AI guardra What are AI
09 December 2024 /ai /security Artificial Intelligence and Financial Services
Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-X, LLama, and Claude taking center stage. However, a recent survey by the IBM Institute for Business Value has highlighted concerns around accuracy and bias in AI, with nearly half of CEOs (49%) expressing worries about these issues. In fact, the su
02 December 2024 /ai /security Artificial Intelligence and Financial Services
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