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Search resuls for: "Feedzai"


4 mentions found


☆ State-backed cyberattacks, AI deepfakes, and more: Experts reveal UK election cyber threats
  + stars: | 2024-04-08 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.
Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran
☆ How to avoid the top scam of 2023: The internet has 'really supercharged' it, expert says
  + stars: | 2024-02-15 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Vasily Pindyurin | fStop | Getty ImagesConsumers lost a record $10 billion to fraud in 2023, and imposter scams were the most prevalent swindle, according to the Federal Trade Commission. Nearly 854,000 people filed complaints to the FTC about imposter scams in 2023. Consumers lost $2.7 billion to such scams in 2023, according to FTC data. In addition to financial loss, "we know fraud causes significant emotional and psychological harm," he added. Fraud victims lost $1.9 billion and $1.4 billion via these payment channels, respectively, in 2023.
Persons: Vasily Pindyurin, Hardeep Rai, Rai, —, fraudsters, Breyault Organizations: fStop, Getty, Federal Trade Commission, Consumers, FBI
☆ Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
  + stars: | 2023-11-20 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
(Photo by Joan Cros Garcia/Corbis via Getty Images)Mastercard is doubling down on its efforts to detect and prevent fraud that's routed through cryptocurrency exchanges. The company told CNBC exclusively that it's partnered with Feedzai, a regulatory technology platform that aims to combat money laundering and financial scams online using artificial intelligence. "This will increase fraud detection by protecting unwary consumers, but will also detect potential money laundering activity and mule accounts," Feedzai CEO and co-founder Nuno Sebastio told CNBC. An estimated 40% of scam transactions exit directly from a bank account to a crypto exchange today, according to Feedzai data. Feedzai says its software can identify and block suspicious transactions in a matter of nanoseconds — but also recognize transactions that are legitimate.
Persons: Joan Cros Garcia, Corbis, it's, Feedzai, Mastercard's, Nuno Sebastio, Sebastio Organizations: MasterCard, Mobile, Congress, Getty Images, Mastercard, CNBC, Feedzai Locations: BARCELONA, SPAIN, Barcelona, Spain, Coimbra, Portugal, San Mateo , California, Silicon Valley
☆ Italy became the first Western country to ban ChatGPT. Here's what other countries are doing
  + stars: | 2023-04-04 | by ( Ryan Browne | ) www.cnbc.com   time to read: +8 min
Stefani Reynolds | AFP | Getty ImagesItaly has become the first country in the West to ban ChatGPT, the popular artificial intelligence chatbot from U.S. startup OpenAI. watch nowVarious regulators are concerned by the challenges AI poses for job security, data privacy, and equality. "It's more, if you're using AI, these are the principles you should be thinking about," Holmes told CNBC. Ireland is typically the most active regulator when it comes to data privacy since most U.S. tech giants like Meta and Google have their offices there. The U.S. hasn't yet proposed any formal rules to bring oversight to AI technology.
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