Investment

Ethereum co-founder Vitalik Buterin has proposed a new system that would allow the blockchain's users to generate obfuscated addresses and receive funds privately on the network.

Banks worried about similar attacks against their own customers can use multifactor authentication and suspicious login detection to reduce risk.

Using compromised identities, fraudsters could simply skip security questions to obtain credit files loaded with sensitive information.

Interacting with ChatGPT is like hanging out with the best-informed, brainiest acquaintance you've ever had. Surprisingly, it's that characteristic that makes it a boon to the banking industry.

In a recent survey, financial institutions named artificial intelligence their top priority for investments against increasingly sophisticated fraud.

Crypto startups are facing a harrowing time attracting private financiers after the collapse of the digital-asset exchange FTX. Venture capital investment in the industry plunged to its lowest level in almost two years during the fourth quarter of 2022, according to data from the research firm PitchBook.

Bank of America was an anchor investor for a new $100 million fund managed by Mendoza Ventures, which backs companies with founders from minority and other diverse backgrounds in the financial technology, artificial intelligence and cybersecurity industries.

Nadine Chakar will take the helm at Securrency from current CEO Dan Doney, who will become chief technology officer.

JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account.

The rate of venture funding to startups run by women continues to decline.