OpenAI Exec Warns of AI Voice Fraud Crisis in Banking
The financial industry faces a “significant impending fraud crisis” because of the technology’s ability to bypass security checks and move money, Sam Altman said.
Cybersecurity Fintech Raises $2M
Boston-based financial technology firm FiVerity Inc. has raised $2 million to expand its cyber fraud detection and threat intelligence platform for banks, credit unions and credit card providers.
Lenders Look to Remove Friction from Online Fraud Fight
The digital transformation that banking has undergone since March also created opportunities to fraud. In rolling out plans to fight this, though, banks have had to be careful not to turn off customers accustomed to the ease of one-click shopping.
