Anomaly detection can be termed as a process to identify anomalies such as an unusual shift in the process or event in an operation that does not follow the expected pattern or dataset. These shift in the usual pattern of the event is the major cause of a fault, [...]
The World’s Largest Banks are Spending More Than Ever to Tackle Money Laundering, with AI Technology Increasingly at the Forefront of the [...]
Bank Info Security interviews ThetaRay EVP James Heinzman on the role of machine learning in fighting [...]
Unsupervised machine learning is essential to mitigate the sophisticated cross-channel fraud techniques attackers are using to take advantage of the multiple silos and security gaps at financial institutions, says ThetaRay’s James [...]
More recently hackers have been attacking ATMs remotely through malware injected into a cash-machine network. They also access debit card account data, temporarily raise the balances on the accounts, withdraw the difference with the use of counterfeit cards, and then reinstate the original [...]
According to a report by Javelin Strategies, U.S. residents lost $16.8 billion to fraudsters in 2017, and the number of victims increased 8 percent over the previous year. Unfortunately, identity thieves are getting smarter, which means that consumers have to be even more vigilant when it comes to [...]
“A combination of malware, ATM jackpotting, money mules, money laundering, e-payment and crypto currency fraud – all performed by organized crime groups – presents a daunting task for financial crime prevention units,” said ThetaRay CEO Mark Gazit, via email. “For many years, we have been [...]
ThetaRay’s analytics platform enables clients to detect anomalous behavior across a large data set of transactions. Once an anomaly is detected, the bank can migrate the transaction to protect against [...]
One of the largest banks in Florida and the largest Chilean-owned bank in the U.S. said this week it is beginning to use artificial intelligence software to detect financial [...]
ThetaRay, a company that uses artificial intelligence to help financial institutions, cybersecurity divisions, and critical infrastructure “become more resilient” to threats like risk management, money laundering schemes, fraud, and operational issues, has closed a $30 million in a funding [...]
Investment activity in the fraud prevention space was light in July, with the exception of a $30 million Series B funding round by Israel-based ThetaRay at the beginning of the month. Investors in the round included Jerusalem Venture Partners, GE, Bank Hapoalim and OurCrowd, bringing total [...]
The technology industry is abuzz about machine learning (ML). While many still quip about machines taking over, there are admittedly a lot of benefits from a technology that learns and automates with [...]
More than ten years ago, Singaporean banks, like many of their counterparts around the globe, started to invest in data analytics capabilities. These tools, they said, allowed them to understand their customers’ needs and to tailor services they were not able to offer [...]
Recent investments in companies that deal with financial crime and compliance have put these firms on the radar of venture capitalists and private-equity funds, especially as they offer savvier ways to streamline compliance for banks and financial [...]
ThetaRay, an Israel-based company using big data to protect critical infrastructure from hackers, has secured more than $30 million in new [...]
ThetaRay is an Israel and New York City-based provider of artificial intelligence and big data analytics that offers solutions for crime prevention, operational efficiency and threat [...]
Internet giants aside, law enforcement agencies are teaming up with banks, charities, and tech and data analysts to utilize diverse networks to identify and track [...]
Cybersecurity firm ThetaRay has notched more than $30 million in a funding round, bringing its total fundraising to over $60 million. The company counts Bank Hapoalim, Jerusalem Venture Partners, General Electric, OurCrowd and SVB as investors, Reuters [...]
Israeli AI and big data cybersecurity firm ThetaRay uses machine learning and artificial intelligence to help institutions identify early signs of money laundering. So far, the startup has doubled in size over the course of five years and it has not raised a new funding [...]
ThetaRay, a US-based developer of artificial intelligence (AI)-equipped security technology, received more than $30m in funding on Tuesday from investors including power, automation and industrial equipment producer General Electric [...]