US EditionDigital Fraud: AI Advances Faster than Banks and Regulators
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3 Articles
If artificial intelligence had an adage, it would probably be the same as capitalism: more and more.So it's not frankly a surprise: it's not a surprise.
Why New Zealand can’t afford to ignore AI’s role in the future of cyberattacks
Not long ago, the idea of a cyberattack shutting down a city’s water supply or taking out electricity to thousands of homes in the middle of winter would have seemed like something out of a thriller. Today, it’s an increasingly plausible scenario and not just overseas. New Zealand’s critical infrastructure is now operating in an era where cyber threats are faster, smarter and harder to detect – thanks in no small part to artificial intelligence.…
More and more frauds are orchestrated through deepfakes, images and videos manipulated by AI, which allow to supplant identities with a fine precision, it is clear that what was previously sufficient to shield the financial system - such as facial biometrics, mail validation or IP detection - today falls short in front of a technology that advances faster than the reaction capacity of banks and regulators. It is that, crime has well understood t…
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