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  • The Independent

    Virgin Money ramps up cost cutting as it unveils £130m plan to fight cyber crime

    by Holly Williams Nov 23, 2023 2 minutes
    Source: PA Archive

    Virgin Money has unveiled plans to spend £130 million on artificial intelligence (AI) and technology to help fight cyber crime, but warned the move would impact its performance and lead to further cost cutting.

    The high street lender said the spending programme would span three years, with around £40 million earmarked for 2023-24, and comes as new advances in AI have increased the “sophistication

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