CyberSight eyes SMBs’ uphill battle with Ransomware, the UK’s BBB targets asset-based financing, and a Russian hacker sentenced to jail.
 

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December 52017

       BUSINESS TO BUSINESS EDITION

AI

Learning About Machine Learning
 

AI and machine learning are finally making the leap from theory to real-world applications. And, FIs are using the technology to develop insights that will help them better understand customers, deliver frictionless experiences and also manage risk and fraud. Feedzai tells PYMNTS what FIs should know about the present and future of both AI and machine learning.
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Corporate Banking

Banks Kept On Their Toes By Dizzying Data Management Regulations
 

In a new survey of FIs around North America, EMEA and APAC, not a single bank said it was unconcerned with their approach to data management. Wolters Kluwer’s finance, risk and reporting unit published the results of its survey to explore how banks are coping with data management challenges. They found that constantly evolving regulations have become the largest source of pressure, yet most don’t already have the proper systems and procedures in place to ensure compliance.
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Cybersecurity

When SMBs Are Priced Out Of Ransomware Protection, They Face An Uphill Battle
 

When a small business is hit by ransomware, the cost of the ransom doesn’t equate to the full cost of the cyberattack. Lost sales, continuing payroll and diminished reputation all lead to a mountain of expenses for SMBs even after the ransom is paid. Hyder Rabbani, COO of CyberSight, warns SMBs and enterprises alike that traditional antivirus software isn’t able to catch up to the increasing sophistication of ransomware attacks. He tells PYMNTS why small firms are often stuck in an uphill battle to avoid ransomware.

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