IBM to use AI to help banks with cybersecurity

This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. IBM launched its IBM Watson for Cyber Security program in beta on Tuesday, and announced that it already has 40 clients signed up, including global leaders in the banking and insurance industries. Companies like Sun Financial and Sumitomo Mitsui Banking Corporation will test the ability of Watson -- IBM's artificial intelligence (AI) -- to identify and fight cyberattacks. Watson will help them more easily identify specific malware programs and provide background on known cybercrime campaigns, as well as more accurately pinpoint suspicious behavior.