Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

“Fraud detection today is about precision, not just protection. The ability to differentiate legitimate customers from suspicious activity in milliseconds is what separates high-performing businesses ...

How can artificial intelligence help detect fraud? Artificial Intelligence can play a crucial role in fraud management by detecting and preventing fraudulent activities. The global average rate of ...

Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase, banks require systems that can assess risk with precision.

Artificial intelligence (AI), like any technology, can be misused. Malicious actors intent on committing fraud can use AI to create more realistic deceptions at a much faster clip. How has the threat ...

Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence. Starting around late 2022, the Treasury Department began using ...

Fannie Mae announced a big step in bolstering its mortgage antifraud efforts: the GSE has launched a new Crime Detection Unit that'll be powered by software from government AI technology firm Palantir ...

Business fraud is real. According to a report by the Association of Certified Fraud Examiners, “U.S. Businesses will lose an average of 5% of their gross revenues to fraud.” One of the most common ...

What used to be simple forgery or stolen checks has evolved into coordinated attacks that exploit every weak spot in the claim payment process. From account takeovers and phishing attacks to ...

Remote online notarization (RON) firm Proof has launched an artificial intelligence (AI)-powered fraud detection tool called Defend. According to the company’s announcement on Tuesday, the tool is ...