April 04, 2024
US-UK Alliance Pioneers AI Safety Tests, Earning Expert Praise

In a landmark move, the U.S. and U.K. have joined forces to develop safety tests for advanced artificial intelligence (AI), an initiative experts widely applaud as a critical step forward....

April 04, 2024
Facial Biometrics Implementation Hiccups Stir Privacy, Security Debate

While biometrics offer potential benefits such as enhanced security and streamlined processes, their implementation often comes with complexities and concerns, including privacy, data protection and implementation hurdles.  The recent reinstatement...

April 04, 2024
Tech Giants Unite to Upskill Workforce for AI 

Tech heavyweights like Google and Microsoft have formed a task force to skill-up workers for the artificial intelligence (AI) era, addressing the urgent need for AI-savvy professionals in evolving job markets....

April 04, 2024
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way...

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And for banks, the key point...

April 04, 2024
Spotify Names Christian Luiga as New CFO

Streaming audio platform Spotify named a new chief financial officer. Christian Luiga is joining Spotify from Saab AB, a European defense and security company, where he served as deputy CEO and finance chief, the Swedish...

April 04, 2024
Binance Executive Held in Nigeria Makes First Court Appearance

Binance’s head of financial crime compliance, Tigran Gambaryan, appeared in court in Nigeria for the first time Thursday (April 4). Gambaryan, who is a U.S. citizen, was served with charges and...

April 04, 2024
US: Microsoft Deprioritized Enterprise Cybersecurity, Culture Needs an Overhaul

Digital transformation is no longer just a business strategy — it’s an operating model that nearly the entire global business world is running on. And the realities of today’s digital...

April 04, 2024
‘Swarm’ Attacks Challenge Traditional Fraud Defenses  

For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital landscape, bad actors have followed...

April 04, 2024
Millennials Need for Speed Spikes Instant Payouts

The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of payments were delivered instantly, according...