To Combat Fraud, Mastercard Develops Generative AI

Mastercard Creates A Generative Ai Model To Fight Fraud Mastercard will launch its generative AI fraud detection tool later this year, boosting its real-time fraud detection technology. Decision Intelligence Pro (DI Pro) uses a recurrent neural network created by Mastercard’s cybersecurity and anti-fraud teams. Mastercard handles billions of transactions annually to train its fraud detection…

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Italy’s Data Protection Authority Raise Data Privacy Concerns Over Chatgpt

Italian Data Protection Authority Worries About Chatgpt Garante, Italy’s data protection regulator, raised worries that OpenAI’s ChatGPT may infringe GDPR. A temporary prohibition on ChatGPT in Italy prompted an investigation last year. The investigation found personal data and age verification concerns. The Italian Data Protection Authority (Garante per la protezione dei dati personali) investigation was…

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