Facebook’s announcement of its intention to launch a new virtual currency has prompted a warning from a Charles Sturt University expert that cryptocurrencies have a number of features that make them attractive to criminals.
Intel has launched its Saffron anti-money laundering adviser which it says is aimed at detecting financial crime through a transparent AI solution utilising associative memory.
Insurers have been warned that they will collectively need to spend US$3.3 billion on information security to counter financial crimes and in the face of heightening fraud brought on by the global ‘digital revolution’.
Good on you Doctor CraigI hope this Aussie invention stays in Oz
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