Remove AI Remove Deepfake Remove MFA
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The PSR’s new fraud refund rules: A step forward, but is it enough?

The Payments Association

Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats. As fraud continues to rise, especially with the emergence of AI-powered scams, is this new regulation enough to tackle the ever-evolving threat of financial fraud? AI is a double-edged sword in fraud prevention.

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Accredify Becomes Okta Ventures’ First Investment in Singapore

Fintech News

This collaboration will see Accredify integrating Okta’s advanced identity management solutions, including Single Sign-On (SSO) and Multi-Factor Authentication (MFA), to benefit its clientele.

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UK Relies on Quickly Ageing Authentication Tech: Firms Must Adopt New Systems Reveals Ping Identity

The Fintech Times

Artificial intelligence’s (AI) emergence in the fintech scene has been a blessing and a curse. The survey found that 62 per cent of UK respondents are not very confident their organisation has the identity management tools to defend against bad actors’ use of AI. Fraud is on the rise, and it’s getting worse with AI.

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Security Awareness Training: What It Is, Its Importance & How to Implement It

Seon

Password management : Using multi-factor authentication (MFA) and password managers. Future security measures, such as generative AI and deepfake detection – particularly given that biometric authentication will become increasingly challenged by AI-focused fraudsters in the years to come.