Artificial intelligence is creating a new wave of expense fraud with convincing fake receipts. Companies are responding with AI detection tools and tighter spending controls in an escalating technological arms race.
Security researchers have uncovered Herodotus, a sophisticated Android banking Trojan that introduces unpredictable typing delays to mimic human behavior. This novel evasion technique allows the malware to bypass basic detection systems while stealing banking credentials and intercepting one-time pa
Acoru, a Madrid cybersecurity platform specializing in AI fraud prevention, has raised €10 million in Series A funding. The company’s technology helps financial institutions detect criminal intent before transactions occur, addressing a growing $500 billion global fraud problem.
Spanish cybersecurity platform Acoru has reportedly secured €10 million in Series A funding to expand its AI-powered fraud and money laundering detection technology, according to investment reports. The Madrid-based startup, founded in 2023 by cybersecurity veterans, focuses on predicting and preventing financial crime before transactions are initiated.
