AI-powered tool by Cato enhances fraud prevention for crypto exchanges, positive.

From Cointelegraph

October 11, 2024 2:03:04 am:

A new AI-powered tool designed to combat fraud in the crypto space has been unveiled by cybersecurity firm Cato. The tool is tailored to target crypto exchanges and financial platforms, showcasing a heightened level of sophistication in fraud prevention.

The AI-powered tool is set to bring a new approach to combating fraudulent activities in the crypto sector. According to cybersecurity firm Cato, the tool’s capabilities will significantly enhance security measures for crypto exchanges and financial platforms.

This innovative tool is a game-changer in the fight against fraud within the crypto industry. By leveraging AI technology, cybersecurity firm Cato aims to provide enhanced protection for crypto exchanges and financial platforms, setting a new standard for fraud prevention strategies.

Read more at Cointelegraph: AI deepfake tool on ‘new level’ at bypassing crypto exchange KYC: Report