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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. fraud losses amounted to $5.9 fraud losses amounted to $5.9 And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses.

Alliance 629
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CIOs weigh where to place AI bets — and how to de-risk them

CIO

Given existing relationships with Webster Bank, that includes AWS and Microsoft. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. The CIO has strategies in place to address all three. It’s a significant danger with significant costs.

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Top Tools for Your Cloud Data Security Stack in 2023

Smart Data Collective

Cloud data security is a crucial aspect of safeguarding sensitive data stored in cloud environments from unauthorized access, theft, and other security threats. This entails implementing a wide range of robust security measures that can protect cloud infrastructure, applications, and data from advanced cyber threats.

Security 227
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The Advantages of SaaS for Data Security Strategies

Smart Data Collective

SaaS and data security. No less than Moody’s Analytics supports the idea of using SaaS for data security. Data security deserves extra attention in light of the serious data breaches recently. Hence data security is a crucial concern that businesses must address, as the cost of a data breach has already reached $8.9

Advantage 172
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5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

Smart Data Collective

Fraudulent activity has always been a major issue for financial institutions such as banks and insurance companies. Despite extensive internal training and fraud detection manuals, they foresee a significant annual loss due to fraud cases. Client Risk Profile Categorization. Detection and prevention of fraud.

Profiling 297
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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

Cybersecurity, often known as information security or IT security, keeps information on the internet and within computer systems and networks secure against unauthorized users. Cybersecurity is the practice of taking precautions to protect data privacy, security, and reliability from being compromised online.

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AI Paves The Road For Incredible Changes In The Gaming Industry

Smart Data Collective

The technology can then not only use its knowledge to provide a much more enjoyable and exciting experience, but one which is more secure and fairer too. It goes without saying that in the past, there have been concerns over how fair and secure gaming platforms are.

Gaming 193