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News alert: AI-powered web scrapers from Oxylabs are breaking new ground in fraud detection

The Last Watchdog

“Enterprises in the finance, banking, and telecommunications sectors are the most susceptible to online fraud, but it can happen to any company,” said Vaidotas Sedys , Head of Risk Management at Oxylabs. ML algorithms scan thousands of transactions, identifying hidden correlations or patterns, an impossible task for human risk analysts.

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Anomali Harris Poll Research Shows 87 Percent of Enterprise Security Decision Makers Have Had Successful Cyberattacks Perpetrated Against Their Businesses Over the Past Three Years, Ransomware Payments Topped $1 Million

CyberSecurity Insiders

Since the pandemic started, 83 percent have experienced more attempted cyberattacks, 87 percent report an increase in phishing emails, with many leveraging COVID-19 related themes. Overall losses, due to cyberattacks, phishing email campaigns, and data breaches jumped significantly between 2019 and 2020. About Anomali.

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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.