Author: OurCrowd

[IntellAct in Forbes] 5 Ways AI is keeping the booming air travel industry on track

Udi Segall, CEO of IntellAct, said in an interview that AI’s role in the travel industry isn’t just about technology, but about connecting people. “AI’s true power lies in its human impact,” he told me. “It’s about ensuring families reunite on time, sparing crew members from extended delays, and bringing peace of mind to passengers navigating the holiday rush.” Read more...

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[BioCatch in Digital Chew] Skyrocketing digital scams: US and Canadian banks brace for unprecedented tenfold surge

In a startling revelation, cybersecurity firm BioCatch reported a tenfold surge in digital scams this year across US and Canadian banks. These startling figures reveal the modus operandi of transgressors who rely on manipulating customers into parting with their hard-earned money. This sharp uptick raises alarms amid increased bank efforts to prevent account takeovers and other fraudulent activities. Read...

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[BioCatch in it news] Australia’s Big 4 banks ‘exit’ thousands of suspected mule accounts

Australia’s ‘Big 4’ banks – CBA, NAB, ANZ and Westpac – flagged and/or “exited” thousands of bank accounts in the last financial year, aided by AI and other anti-scam detection capabilities. This includes the use of BioCatch – described as an “interbank, behaviour- and device-based, fraud and scams intelligence-sharing network” – that only revealed its list of Australian bank users last month. Read...

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