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The generative AI revolution is transforming how banks work

CIO

The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation

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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Malware hiding in the woodwork: The U.S. Now on to WiR.

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Chinese Hackers Using Deepfakes in Advanced Mobile Banking Malware Attacks

Ooda Loop

Group-IB, a cybersecurity company based in Singapore, recently attributed the development of sophisticated banking trojans to Chinese-speaking cyber crime group GoldFactory. The threat group has previously […]

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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S.

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The resurgence of the Ursnif banking trojan

Darktrace

The Ursnif banking trojan attempts to blend into the network as legitimate Zoom and Webex activity, before trying to capture credentials. Earlier this month, the malware was automatically detected and neutralized by Darktrace’s AI.

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The resurgence of the Ursnif banking trojan

Darktrace

The Ursnif banking trojan attempts to blend into the network as legitimate Zoom and Webex activity, before trying to capture credentials. Earlier this month, the malware was automatically detected and neutralized by Darktrace’s AI.

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Catch Them If You Can: E-banking Malware Fraud

SecureWorks

Catch Them If You Can: E-banking Malware Fraud Frank Abagnale shot to notoriety in the 1960s for defrauding banks of millions of dollars with meticulously forged cheques.

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