Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

AI-powered fraud detection: Protecting financial services with Elastic

Fraud in financial services is becoming more sophisticated, costing the industry billions annually and eroding customer trust. Recently, Deloitte published an article highlighting the risk AI brings in the form of fraudsters to the financial services industry: “Fake content has never been easier to create — or harder to catch. As threats grow, banks can invest in AI and other technologies to help detect fraud and prevent losses.”

Memcyco Unveils Its Next-gen Phishing and Digital Impersonation Protection Solution

In 2024’s State of Digital Impersonation Resilience report there was one key finding that neatly frames the digital impersonation fraud challenge. Of the businesses surveyed, 72% use a digital impersonation protection solution, but only 6% could confirm its efficacy. In other words, scam-targeted industries are investing in finding solutions, but those solutions aren’t delivering.

5 AI Scams You Need To Be Aware Of In 2025

AI is revolutionizing our lives in terms of productivity, automation, customer service, and more. AI is becoming so important that organizations increased spending on compute and storage hardware infrastructure for AI deployments by 37% year-over-year in the first half of 2024, reaching $31.8 billion. However, like most technological advances, the good often comes with the bad.

Fake Online Reviews. Fraud and a Growing Threat to Consumers and Businesses

Online reviews have become an important source of consumer and business decision making, but they can also pose significant risks. In many cases, fake reviews are a form of fraud, with scammers using fake content to mislead consumers or even steal sensitive information.

How AI Enhances Cybersecurity for Digital Content Creators

Technological advancements create exciting opportunities for digital content creators, but they also open doors for cyber threats. Musicians, artists, and filmmakers often face risks like intellectual property theft, piracy, and platform vulnerabilities. Traditional defenses struggle to keep up with increasingly sophisticated attacks targeting creatives' work. Thankfully, artificial intelligence is stepping in as a powerful ally by automating threat detection, identifying unusual activity, and protecting sensitive assets in real-time.

Deepfakes, Shallow Morals: The Real Issue Behind the UK's Crackdown

The UK government decided to wage war on explicit deepfakes. About time, right? But before we start celebrating, let's take a closer look. The fact is that this isn’t about technology, it’s about human behaviour. The government is not trying to outright ban deepfakes, which would be impossible, to be honest. They're targeting the misuse of this tech for nefarious purposes.

Phishing, Impersonation and Cybersecurity Trends 2025

As scam-prone enterprises know, innovations in digital technologies raise the specter of phishing-related brand impersonation scams as much as they help mitigate it. Take rogue Generative AI tools like Fraud GPT and ‘Phishing-as-a-Service’ as just two examples of how fraudsters are co-opting new technologies as part of customer account takeover (ATO) schemes.