Why Bank Security Is About More Than Preventing Attacks

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Posted on October 12, 2018

The world can be a scary place these days, especially for banks. According to recently released reports, fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication.

Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML). Two-thirds of banks and 83 percent of FIs have experimented with the technology already.

Silicon Valley Bank, according to Chief Security Officer Nick Shevelyov, uses AI and ML to rapidly analyze massive troves of data


Read full article » https://www.pymnts.com/news/security-and-risk/2018/svb-omnichannel-cyberattacks-fraud-prevention/

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