Daon xSentinel minimizes generative AI voice fraud
Daon announced the addition of xSentinel, an expansion of its AI.X technology. xSentinel provides adaptive synthetic voice protection to create a layer of defense within any voice communication channel and enhance the identity verification technologi.....»»
Old methods, new technologies drive fraud losses
GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 202.....»»
Artificial intelligence is powering the latest fraud trends
The automotive retail industry was built on face-to-face interactions, but even experts often cannot spot an AI generated document with the naked eye......»»
Study IDs best "red flags" auditors can use to spot financial fraud
A new analysis of the benchmarks that auditors use to identify financial statement fraud risk finds that the most commonly used benchmarks are less effective at identifying fraud than benchmarks that are less commonly used......»»
Automakers need to prioritize privacy to leverage consumer data, experts say
A voice of the industry that is growing louder says consumer privacy is not only ethically correct, but also central to the financial success of connected-car ventures......»»
GenAI buzz fading among senior executives
GenAI adoption has reached a critical phase, with 67% of respondents reporting their organization is increasing its investment in GenAI due to strong value to date, according to Deloitte. “The State of Generative AI in the Enterprise: Now decid.....»»
After cybersecurity lab wouldn’t use AV software, US accuses Georgia Tech of fraud
Researchers allegedly found security protocols "burdensome." Enlarge (credit: Georgia Tech) Dr. Emmanouil "Manos" Antonakakis runs a Georgia Tech cybersecurity lab and has attracted millions of dollars in the last few ye.....»»
Fraud tactics and the growing prevalence of AI scams
In the first six months of 2024, Hiya flagged nearly 20 billion calls as suspected spam – more than 107 million spam calls everyday. The data showed spam flag rates of more than 20% of unknown calls (calls coming from outside of someone’s address.....»»
LLMs are unsuited for meeting the standards of Platonic epistemology in education, researchers find
Researchers from the University of Adelaide advise that more caution should be exercised for the use of generative artificial intelligence (AI) in educational contexts. This comes after a new study highlights key differences between modern technology.....»»
Study says ChatGPT could help people with creativity in everyday tasks
ChatGPT, the generative artificial intelligence technology developed by OpenAI, could help humans with daily, creative tasks—even those typically thought to require the human ability to "read between the lines," according to new research by the Uni.....»»
The backlash against AI has officially begun
Procreate has come out as one of the first major app developers have come out against generative AI......»»
Procreate defies AI trend, pledges “no generative AI” in its illustration app
Procreate CEO: "I really f—ing hate generative AI." Enlarge / Still of Procreate CEO James Cuda from a video posted to X. (credit: Procreate) On Sunday, Procreate announced that it will not incorporate generative AI in.....»»
Ticketmaster SafeTix move was deliberately anticompetitive, says DOJ lawsuit
Ticketmaster SafeTix, a feature the company claimed was for fraud-prevention, was actually intended to make it harder for customers to buy their tickets from other resellers, according to an antitrust lawsuit. The complaint says this is proven by int.....»»
Organizations turn to biometrics to counter deepfakes
The risk of deepfakes is rising with 47% of organizations having encountered a deepfake and 70% of them believing deepfake attacks which are created using generative AI tools, will have a high impact on their organizations, according to iProov. Perce.....»»
Political deepfake videos no more deceptive than other fake news, research finds
Concern about "deepfakes"—synthesized videos and audio clips in which a person's face, body or voice has been digitally altered—has come from both sides of the political aisle ahead of the 2024 election......»»
Procreate tells users, "AI is not our future"
Procreate, company behind the popular art app designed exclusively for iPad, has issued a public statement saying that it has no plans to include generative AI in its products.Image credit: ProcreateThe debate over generative AI is a heated one, with.....»»
New infosec products of the week: August 16, 2024
Here’s a look at the most interesting products from the past week, featuring releases from ClearSale, Guardio, Ivanti, Resecurity, and Stellar. Resecurity unveils new AI-driven Fraud Prevention Platform Resecurity unveiled its advanced AI-driven Fr.....»»
ClearSale introduces three solutions to protect businesses from fraud
ClearSale has announced a new portfolio of fraud prevention tools designed to meet the evolving needs of today’s digital retail landscape. The newly launched suite, dubbed “Preventative Intel,” introduces three powerful solutions: I.....»»
Apple Intelligence is more of a concept than a reality
Over the last few years, everyone has been talking about generative AI. Not only that, everyone was doing something about generative AI. Me and a lot of other people then started wondering when Apple would do something about it. At WWDC 2024 in June,.....»»
Scammers dupe chemical company into wiring $60 million
Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third partie.....»»
Resecurity unveils new AI-driven Fraud Prevention Platform
Resecurity unveiled its advanced AI-driven Fraud Prevention Platform. This versatile solution is engineered to combat fraud across banking, virtual asset service providers (VASPs), gambling, e-commerce, and online marketplaces, providing a robust def.....»»