TECH & AI
Doriel Abrahams : Staying ahead in cybersecurity is crucial for fintechs as fraudsters increasingly use AI for sophisticated attacks . It ’ s important to remember that AI is not a good fraud instigator , it ’ s a great fraud accelerator and fraudsters can now automate and scale large portions of their operations .
To best combat it , fintech organisations should leverage AI technologies to detect and respond to threats in real-time , using behavioural analytics and focusing on the persona and the user ’ s identity , rather than easily manipulated attributes such as billing or IP addresses .
Continuous innovation , collaboration with industry peers and investment in R & D are essential to maintain security and build trust .
“ With AI , fraudsters can now automate and scale large portions of their operations ”
DORIEL ABRAHAMS PRINCIPAL TECHNOLOGIST , FORTER fintechmagazine . com 139