US-based fintech company, PayPal, plans to utilize Artificial Intelligence (AI) to enhance its security solutions amidst a growing threat landscape. Assaf Keren, Chief Information Security Officer at PayPal, stated that the emergence of Generative AI presents both opportunities and risks for companies.
Keren expressed the company’s interest in leveraging AI to combat the evolving capabilities of attackers and cybercriminals. PayPal aims to collaborate with security researchers, vendors, and firms specializing in security solutions to incorporate AI into global businesses’ security products. With a decade of experience in AI implementation, Keren believes PayPal is well-positioned to capitalize on this technology.
PayPal is working to create a security ecosystem in response to the evolving threat landscape in order to better secure both the business and its clients. In order to effectively manage threats, Keren underlines the importance of understanding vendors’ security postures and encouraging teamwork. For security experts, the threat landscape has changed dramatically over the last few years. Impacts from the COVID-19 epidemic, the ongoing economic crisis, and geopolitical circumstances have all increased this acceleration.
Businesses, like PayPal, must guard against new dangers as they adjust to remote work settings and take on new challenges. PayPal wants to improve its security protocols and reduce dangers in an ever-evolving digital environment by integrating AI technology.
