A new academic study argues that fraud detection systems must evolve beyond accuracy-focused prediction tools into ...
Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...
Last year, Deloitte, a financial auditing and consulting firm, reported an instance where a Hong Kong company sent USD 25 million to a fraudster who was using deepfake technology to impersonate the ...
Fraud is no longer merely a nuisance. It’s become a significant, evolving threat that can cost businesses more than money. It holds the power to break down customer trust, slow operations and expose ...
The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...
Forbes contributors publish independent expert analyses and insights. I write about the economics of AI. In early 2024, The Guardian reported that U.K. engineering firm Arup lost $25 million to a ...
Riskified's Adaptive Checkout tool uses AI to reduce fraud and false declines for merchants. The AI tool helped TickPick, an online marketplace, approve more orders and increase revenue. This article ...
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