CyberSight eyes SMBs’ uphill battle with Ransomware, the UK’s BBB targets asset-based financing, and a Russian hacker sentenced to jail.
| | | | BUSINESS TO BUSINESS EDITION | | Learning About Machine Learning
AI and machine learning are finally making the leap from theory to real-world applications. And, FIs are using the technology to develop insights that will help them better understand customers, deliver frictionless experiences and also manage risk and fraud. Feedzai tells PYMNTS what FIs should know about the present and future of both AI and machine learning.
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| Banks Kept On Their Toes By Dizzying Data Management Regulations
In a new survey of FIs around North America, EMEA and APAC, not a single bank said it was unconcerned with their approach to data management. Wolters Kluwerâs finance, risk and reporting unit published the results of its survey to explore how banks are coping with data management challenges. They found that constantly evolving regulations have become the largest source of pressure, yet most donât already have the proper systems and procedures in place to ensure compliance.
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| | Cybersecurity | | When SMBs Are Priced Out Of Ransomware Protection, They Face An Uphill Battle
When a small business is hit by ransomware, the cost of the ransom doesnât equate to the full cost of the cyberattack. Lost sales, continuing payroll and diminished reputation all lead to a mountain of expenses for SMBs even after the ransom is paid. Hyder Rabbani, COO of CyberSight, warns SMBs and enterprises alike that traditional antivirus software isnât able to catch up to the increasing sophistication of ransomware attacks. He tells PYMNTS why small firms are often stuck in an uphill battle to avoid ransomware. Read More... |
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