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Stock impact report

The AI Battle: Cybercriminals Vs. Fraud Prevention Experts [Forbes]

Huron Consulting Group Inc. (HURN) 
Last huron consulting group inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Forbes
The current landscape in today's fraud prevention requires artificial intelligence (AI) and machine learning for a more proactive approach to safeguarding the financial industry from bad actors. However, criminals are finding new and improved ways to use AI to commit fraud. The financial sector is a prime target for cybercriminals, so banks, financial institutions and payment transaction providers constantly look for ways to improve their defensive strategies for the sake of their customers and their bottom line. In March 2024, the that the banking industry is finding it hard to keep one step ahead of fraudsters who are using AI to pretend to be customers and spread malware using AI-generated content. In fact, last year these fraudsters cost Americans a total of . Huron Consulting, which works with banks and financial institutions, predicted last June that about of these organizations have or will adopt AI as a defensive action to combat this increasing fraud. The Fraud Attack Fr Show less Read more
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