Weekly Wrap: Banks are targets for randsomware hackers

In this week’s episode of “The Buzz,” Bank Automation News explores the threat of randsomware attacks on financial institutions. Banks are facing the growing cybersecurity threat that shut down the Colonial Pipeline last week and the BAN team discusses how banks can avoid falling victim to similar attacks by ransomware hackers.

In other news, new use cases for robot process automation (RPA) are cropping up that involve combining RPA with advanced technologies like artificial intelligence and machine learning. Banks are leveraging these tools to automate loan collections and fraud detection.

Find a discussion of these topics and more in today’s episode of the Weekly Wrap with Publisher JJ Hornblass and Associate Editors Jaspreet Kalra and Loraine Lawson for the week ended May 14, 2021.