In this article, I give focus to the situation with the financial services industry embracing AI/ML to a high degree in so many areas, one would think AI/ML would be used to detect and prevent ACH fraud, but this is not generally the case. Even the largest banking institutions seem to wash their hands with regards to ACH fraud, leaving their customers to absorb the losses.
ThetaRay 4.0 with IntuitiveAI Gives Banks a Powerful New Weapon Against Financial Cybercrime
ThetaRay, a leading provider of AI-based Big Data analytics, announced Version 4.0 of the company’s namesake advanced analytics platform. The update includes major capability upgrades to help global banks detect and prevent financial cybercrime. ThetaRay’s IntuitiveAI solutions replicate the powerful decision-making capabilities of human intuition to detect “unknown unknowns” that cannot be identified by first-generation AI or legacy products.
Symantec Big Data Cloud Hub to Fight Targeted Attacks
Creating a centralized information-sharing big data hub to help customers spot and pre-empt top-shelf custom-built malware.