Penny Crosman

New York

Executive Editor, Technology at American Banker

Executive Editor, Technology, American Banker @amerbanker. Interested in technology, innovation, justice and the humane treatment of animals

Articles

Bad bots are taking over the web. Banks are their top target

3 days ago | nationalmortgagenews.com | Penny Crosman

Internet insecurity has reached a new milestone: More web traffic (51%) now comes from bots, small pieces of software that run automated tasks, rather than humans, according to a new report. More than a third (37%) comes from so-called bad bots — bots designed to perform harmful activities, such as scraping sensitive data, spamming and launching denial-of-service attacks — for which banks are a top target.
Bad bots are taking over the web. Banks are their top target

3 days ago | americanbanker.com | Penny Crosman

Internet insecurity has reached a new milestone: More web traffic (51%) now comes from bots, small pieces of software that run automated tasks, rather than humans, according to a new report. More than a third (37%) comes from so-called bad bots — bots designed to perform harmful activities, such as scraping sensitive data, spamming and launching denial-of-service attacks — for which banks are a top target.
Bad bots are taking over the web. Banks are their top target

3 days ago | today.westlaw.com | Penny Crosman

Internet insecurity has reached a new milestone: More web traffic (51%) now comes from bots, small pieces of software that run automated tasks, rather than humans, according to a new report. More than a third (37%) comes from so-called bad bots — bots...
AI in Banking: Revolutionizing Customer Experience, Fraud Prevention, Quantitative Finance, and Operational Efficiency

1 week ago | americanbanker.com | Penny Crosman |Suman Bhattacharyya

Mike Abbott, global banking lead at Accenture, shared where he sees banks using the technology most effectively in the year ahead.
Banks struggle to keep up with threat of AI deepfakes

1 week ago | americanbanker.com | Penny Crosman

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Penny Crosman (00:03):Welcome to the American Banker Podcast. I'm Penny Crosman. According to a recent set of surveys conducted by Accenture, banks are struggling to protect themselves against the cybersecurity threats presented by AI, especially generative AI.
Banks struggle to keep up with threat of AI deepfakes

1 week ago | flipboard.com | Penny Crosman

1 day agoHave you seen online images of Taylor Swift in a compromising situation any time recently? If so, you're far from alone. Already, this year, there have been 179 incidents recorded—more than during the whole of 2024. And last year's figure of 150 was itself more than two and a half times higher than …
Exclusive: Starling Bank coming to U.S. to sell core software

1 week ago | americanbanker.com | Penny Crosman

One of the first-ever challenger banks in the world is bringing its software to the U.S. It will face many difficulties unique to the U.S. market. Starling Bank has registered its software unit, Engine, as a limited liability company in Delaware. It is exploring potential East Coast office locations for Engine in Florida, North Carolina and the District of Columbia.
Exclusive: Starling Bank coming to U.S. to sell core software

1 week ago | today.westlaw.com | Penny Crosman

One of the first-ever challenger banks in the world is bringing its software to the U.S. It will face many difficulties unique to the U.S. market. Starling Bank has registered its software unit, Engine, as a limited liability company in Delaware. It...
Yotta customer leads class-action suit against Evolve, Lineage

2 weeks ago | americanbanker.com | Penny Crosman

A Yotta customer in South Carolina has filed the latest class-action lawsuit against banks involved in the collapse of bank-fintech middleware provider Synapse. a year ago uncovered an estimated $65 million to $95 million shortfall in customer funds that remains unaccounted for. Synapse says Evolve deducted $25 million in monthly fees from its fintech accounts that it says it never agreed to.
Yotta customer leads class-action suit against Evolve, Lineage

2 weeks ago | today.westlaw.com | Penny Crosman

A Yotta customer in South Carolina has filed the latest class-action lawsuit against banks involved in the collapse of bank-fintech middleware provider Synapse.