#banking-security

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fromBusiness Matters
2 days ago

HSBC warns UK business banking customers of third-party data breach

I provided passport details in good faith to HSBC as it was necessary for identification before opening up a business account. Now I'm worried that money will be taken out of the company account by crooks, with the third-party platform having been hacked. Worse, that my passport details could be sold on the dark web. I had reservations about providing ID proof in the first place because cyber attacks are now so prevalent but you put your trust in the banks to get online security right, first
Privacy professionals
#cybersecurity
fromFuturism
2 months ago

Sam Altman Warns That AI Is About to Cause a Massive "Fraud Crisis" in Which Anyone Can Perfectly Imitate Anyone Else

"I am very nervous about this. A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else."
Privacy professionals
#coyote-trojan
Artificial intelligence
fromFortune
2 months ago

AI's voice mimicking software is so powerful that a terrified Sam Altman just warned the Fed about a 'fraud crisis' around the corner

AI's ability to mimic human voices poses a significant fraud risk to banking systems.
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