NVIDIA is using Generative AI (Gen AI) to advance cybersecurity efforts in the banking industry. Gen AI is being used to improve the detection of phishing attempts by generating highly realistic text, images, and email attachments that can be used to train models to better detect fake emails. In just 24 hours of training, NVIDIA was able to improve the model’s ability to detect phishing attempts by 20%.
In addition to improving phishing detection, AI solutions are also expanding response mechanisms and improving legacy methods and systems for detecting fraud. Deep learning capabilities such as Graph Neural Networks (GNNs) can be used to detect fraud with significantly less labeled training data. AI can take a holistic view, incorporating historical data, suspicious behavior, and actual criminal activity to identify patterns and flag suspicious transactions.
AI-driven cybersecurity solutions can greatly improve a bank’s ability to defend against cyber threats by using data from multiple sources and applying machine learning algorithms to detect malicious activity. AI technology also uses predictive algorithms to anticipate and prepare for future threats. By investing in AI-driven cybersecurity solutions, banks can reduce damage caused by cyberattacks while preserving customer data safety and privacy.
