Risk Management stories - Page 71

Pibit.AI has raised USD $7 million to expand its AI-driven underwriting platform, boosting automation and speeding up insurance risk assessments.

Over half of finance teams report only partial AI automation, focusing on accuracy and fraud prevention amid reliance on outdated tools and manual tasks.

Financial firms face rising fines and must adopt digital regulatory reporting to ensure compliance, cut costs and boost operational resilience in 2024 and beyond.

FM has doubled its resilience credit to USD $825m, expanding support to operational and climate risks and launching a new unit for integrated risk management.

Bluwhale launches AI-powered Stablecoin Agent to manage digital dollars as stablecoin market tops $300bn, aiming to boost individual investor returns.

AI-driven digital fraud, including deepfakes and fake personas, could cost firms USD $11.5 billion globally by 2027, outpacing traditional defences.

Quest has launched AI-driven tools to boost identity security and simplify Microsoft 365 migrations in hybrid environments for enterprises and public sector.

Black Kite launches AI Agent to automate third-party cyber risk investigation, reporting and decision-making, boosting efficiency for security teams worldwide.

Subex unveils a new AI-powered brand to help telecom operators adopt proactive, intent-driven networks and enhance real-time business strategies.

A global Cloudflare outage highlights the risks of digital centralisation, disrupting websites and services worldwide and sparking calls for more resilient IT infrastructure.

Claroty launches AI-powered CPS Library, a centralised asset catalogue enhancing visibility and vulnerability detection across OT, IoT, and healthcare networks.

CFA Institute has released a guide to help asset managers ethically integrate AI into investment decisions, enhancing transparency and operational efficiency.

ShareGate launches an updated Protect platform offering unified Microsoft 365 governance to enhance security and compliance as Copilot use rises.

FireMon expands Zero Trust with deeper Illumio integration and continued support for VMware NSX and Zscaler, unifying security across hybrid environments.

Black Kite has launched BK-GA3TM, a global unified AI risk framework to help firms assess third-party vendor threats amid evolving AI complexities worldwide.

Nearly half of retailers report surging AI-driven cyber attacks, yet only a quarter feel prepared as the busy shopping season looms, new research shows.

Nearly 80% of financial firms have neglected to verify exit plans of cloud and SaaS providers, risking major disruption in their technology supply chains.

Financial firms are embracing AI with a focus on trust, using it to enhance customer service and support staff, not cut jobs, amid growing governance concerns.

Law enforcement and cybersecurity firms have disrupted major malware networks amid rising risks from AI-driven cyberattacks and escalating supply chain breaches globally.

Infosys has launched an AI-First GCC Model to help global firms transform their capability centres into scalable, AI-enabled hubs across diverse industries.