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AI BiometricsTwo recent cybersecurity solutions, an artificial intelligence-based biometric security measure from Nuance; and a password policy module from Wombat Security, could help protect credit unions and other organizations defend against fraud.
Burlington, Mass.-based Nuance Communications, Inc. announced Security Suite, what it called “a state-of-the-art biometric security solution for fraud prevention and authentication,” and an advancement to the Nuance Omni-Channel Customer Engagement Platform. Nuance said the solution, which leverages third generation deep neural networks and advanced AI algorithms, is pioneering significant fraud fighting technologies to detect anomalies in an interaction. With these new innovations, Nuance disclosed it is building on a solution that already processes more than five billion successful voice authentications yearly on voice and digital channels including for financial institutions.
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Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
RansomHub allegedly breached the California CU’s systems; FBI issues an advisory to warn organizations about this cyber threat.
Two CUSO Financial Services security incidents affect more than 100,000 persons; Abbott Laboratories Employees CU’s breach impacts 36,000 members.
Floridacentral CU reports 36,479 persons may have been affected, while MembersOwn CU doesn’t say how many persons may have been impacted.
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