Data analytics, AI tech can beef up bank’s security

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PETALING JAYA: Banks should leverage on data analytics and artificial intelligence (AI) technology to further enhance security, on top of existing measures.

In this regard, Direct Lending founder Yik Seong Hui said education is still the most important aspect in curbing online frauds.“The steps that banks have taken so far is definitely a good step forward.

Universiti Sains Malaysia associate professor Dr Selvakumar Manickam said while AI technology is still in its infancy, the adoption of AI and data analytics as well as joining hands with key players in the ecosystem will be crucial to curb online scams.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Measures Online Cooling-off Period Fraud Security Combat Selvakumar Banks Bank Scams

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21717322

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 10 posts per day

Year Established: 1971

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News Last Updated: 28 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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