Anna Kristina Jensen’s Post

Fraudes no digital sem paralelo…

INETCO and Agility are working together to tackle the unique challenges of payment fraud in Brazil, a country faced with an unprecedented volume of sophisticated payment fraud and cyberattacks. Discover how we’re making a difference: https://lnkd.in/d8eRrQPm #financialcrime #payments

In this white paper, Florence Giuliano, PhD at SAS EMEA Financial Crimes Analytics Director, offers a great analysis of the correlation between the digitalization of payments and new risks and typologies of #fraud in the #banking sector. It also studies the response of #AI Artificial Intelligence at scale to effectively protect against these risks. Happy reading!

Super important. We are seeing more and more such home brew tools that are implanted in the corporate network and are almost impossible to detect unless deploying Sepio.

In today's digital landscape, online fraud and scams are evolving at an alarming rate whether you're in Spain, UK, Mexico or another country. This poses significant risks to banks and payment service providers. As we navigate these challenges, it's crucial to prioritize customer security and build trust in our services. That's where Marsh’s embedded micro-cyber insurance comes into play. This innovative solution equips banks and financial services firms with essential tools to safeguard their customers against digital threats. Together, we can create a safer digital banking environment for everyone. #MarshAffinity #CyberSecurity #Insurance #Banking #CustomerProtection

Check out how we work with Open Banking data to provide insights on affordability!

The power and possibilities offered by #AI and #GenAI are mind-boggling and have the potential to significantly transform the telco sector. It is crucial to jump on the bandwagon and experience its capabilities first hand. Try it out to live it. - Nisha Dutt CEO Subex Hear the full version here #telco #bank #dtw24 #tmforum #future #fraud #assurance #fintech #llms

#FRAUD #BRAZIL COVERAGE: Brazil is a hotbed of #AI #innovation in the fight against fraud, making me doubly delighted to see my thoughts appear on the front page of one of the country's largest newspapers, Campanhas Folha de S.Paulo. Thank you Júlia Moura for traveling to #SanDiego for #FICOWORLD24 and taking time to interview me for your piece, "Banks are replacing #biometrics with #behavioranalysis to combat fraud," with the key thought being: "The concern is that #artificialintelligence that replicates faces and voices may enable unauthorized access." Here are the first few paragraphs of the article in English, full version in Portuguese is below:   "Júlia Moura - San Diego(EUA) - Customers' personal habits, such as common times for banking #transactions and even the way they hold their cell phones, have become the primary tool for banks to prevent fraud amid the advancement of #generativeartificialintelligence [#GenAI], which can be used to defraud biometric systems. "This is because the technology that allows the creation of images, texts, and audios can replicate faces and voices, facilitating unauthorized access to bank accounts.   "'These technologies can be manipulated, and we need to understand that,' says Scott Zoldi, director of FICO, which provides software to major banks in Brazil, during an event in the USA on banking technology innovations. "With every transaction or #creditcard purchase, various #data are collected by the financial institution, in addition to the traditional transaction amounts and recipients. Banks also collect the time, location, and even the way the cell phone is held and the security steps are taken. "'The security of banks will always be a layered defense. So even if AI can steal my voice and my face, it's much more difficult to simulate me, and that's where transaction data is really important,' says Zoldi, who holds over 130 #patents in mathematical models of data analysis and AI. 'Any transaction the thief makes won't be the one I would have made,' he adds." #fightfraud #ResponsibleAI #AIinnovation

Fraud is a relentless adversary in the digital age. Imagine running a retail business and facing R$8.5 million in losses annually due to online attacks. According to Mastercard, 64% of Brazilian companies experience this struggle regularly. In an insightful interview with Carta Capital, our Head of Sales for Brazil, Igor Castroviejo, dives deep into how AI and data analysis are key in identifying and combating fraud. From recognizing virtual traces to tackling the rise of "orange accounts" in the Pix system, the article sheds light on the future of fraud prevention in Brazil. Curious to learn more? Check out the full article: https://lnkd.in/gmed4Nbc

Cybersecurity is the responsibility for each and everyone. It can be very frustrating for citizens who took care of their data security and privacy for decades to see some 3rd party entities or companies or even the government leaking data so often. We may have to rethink our data security as a nation.