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Artificial Intelligence: The Next Frontier of Cyber Warfare? - ABA Banking Journal (blog)

Artificial intelligence. Machine learning. What once sounded like concepts fresh out of a sci-fi novel are now being integrated into everyday business functions. From assisting with compliance behind the scenes to improving the customer experience on the front end, bankers are finding tremendous value in these technologies.

One area where AI and machine learning can be applied is in the ongoing fight against cybercrime. AI provides a significant advantage over traditional systems, which rely on static rules to identify patterns and flag suspicious activities. AI, on the other hand, is always learning—using intelligent algorithms to detect and identify new attack patterns and incorporating that knowledge to flag cyberattacks more quickly and with much higher accuracy.

While AI is making media headlines almost daily, adoption of AI technology it is still in its nascent stages; a recent study by Accenture and Ponemon noted that in the financial services industry, just over a...(continued)

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