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Risk management and fraud news from around the web: February 5 – 9, 2024

Written on Feb 9, 2024

There are critical steps businesses should take to protect against so-called friendly fraud. 

Survey of more than 450 fraud decision-makers at U.S. and UK banks, credit unions and fintechs found that investment in fraud prevention tools may help decrease reported fraud attacks. 

Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. 

Cyber-attacks and generative AI adoption are two areas that will require the CFO’s involvement in risk mitigation. 

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