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February 1, 2024

AI Model Helps Banks Detect Fraud, Neuralink Implants First Human, and More

This Week In Tech, we talk about Mastercard Using AI to Detect Bank Fraud, the First Human to Receive the Neuralink Implant, and MS Teams Used to Deploy Malware.
Written By: AlphaKOR

Photo Credit: Pixabay

Mastercard launches AI to detect fraud

Detection rates up 300%

Decision Intelligence Pro is a new and advanced AI model designed to enhance the capabilities of banks in assessing suspicious transactions in real-time. The use of AI in the financial sector, particularly for fraud detection and transaction monitoring, has been an evolving trend to improve accuracy and efficiency. The key features of Decision Intelligence Pro include advanced decision-making algorithms, machine learning capabilities, and real-time processing. These technologies can analyze patterns, anomalies, and various data points to help banks make more informed decisions about the legitimacy of transactions. By doing so, it can potentially reduce false positives and improve the overall effectiveness of fraud detection systems.

Read More: CNBC

Photo Credit: Flickr

First Human Received Neuralink Implant

The first human recipient underwent a Neuralink implant procedure from Elon Musk’s brain-computer interface company. The implantation took place on Sunday, and the patient is reported to be recuperating successfully. Preliminary findings indicate promising detection of neuron spikes, which signify activity in neurons. The Neuralink device, approximately the dimensions of a large coin, is crafted for insertion into the skull, featuring ultra-thin wires that extend directly into the brain. These wires are surgically positioned in a brain region governing movement intention. The primary objective of the brain-computer interface is to empower individuals to operate a computer cursor or keyboard solely through the power of their thoughts.

Read More: CBC

Photo Credit: Unsplash

Hackers Hijack MS Teams Group Chat

Security researchers have issued a warning about hackers exploiting a group chat feature within Microsoft Teams video conferencing software to distribute malware onto users’ computers. Cybersecurity experts revealed that a threat actor utilized either a compromised Teams user or domain to send over 1,000 Teams group chat invites. Those who accept the invitation receive a file named “Navigating Future Changes October 2023.pdf.msi.” Despite its appearance as a PDF, the file is, in fact, an MSI file – a Windows Installer package that delivers the DarkGate malware. The hackers took advantage of a feature allowing external Microsoft Teams users to message users from other tenants’ by default. To enhance security, it is advisable for companies to disable External Access in Microsoft Teams unless absolutely necessary for daily business use, as email is generally considered a more secure and closely monitored communication channel.

Read More: Tech Radar