The Buzz on Bank Automation News

Georgetown University research analyst cuts through marketing lingo to explain promising use cases

Show Notes

In this episode of “The Buzz,” Bank Automation News speaks with cybersecurity research analyst Micah Musser of Georgetown University’s Center for Security and Emerging Technologies, and a co-author of the recent report, “Machine Learning and Cyber Security: Hype and Reality” about the use of artificial intelligence (AI) and machine learning (ML) in creating sophisticated attacks.  

AI and ML could be leveraged to coordinate spear-phishing attacks that target specific people, or even to build malware that could navigate networks, to analyze what to infect as it goes, Musser tells BAN. However, “could” is the operative word there. There is much speculation as to how AI and ML could be used, but how can financial institutions separate the hype from reality?   

Musser shares some of the ways AI and ML could potentially be used to both accomplish cyberattacks and heighten security. As it turns out, some of the techniques marketed by vendors as AI and ML have been around for 20 years. In this week’s podcast, Musser breaks down what is overhyped and what is not — and how financial institutions can separate marketing fiction from cybersecurity reality. 

What is The Buzz on Bank Automation News?

The new podcast covering current trends and intriguing topics in automation and beyond courtesy of Bank Automation News, the definitive source for insights and news surrounding automation in financial services.

Formerly Bank Innovation, since 2009 Bank Automation News has been at the forefront of tracking the evolution of digital banking. With the future of innovation pointing to opportunities in automation, we have transitioned the focus of our coverage to continue to provide insights and information that guide industry professionals to better results.

Automation is the next frontier of financial services technology. It will improve or transform most banking processes from customer experience to compliance, lending solutions and investment. Automation technology will create the greatest transformation at financial institutions since the digitization of financial services in the wake of the Credit Crisis. Banks that are not already investing in automation technologies must begin shifting their focus to remain competitive. This transition requires investment in training and educational resources.

Bank Automation News is the first and only news and education source dedicated to fostering this emerging segment of financial services technology.