How AI Is Protecting Against Payments Fraud
80% of fraud specialists using AI-based platforms believe the technology helps reduce payments fraud. 63.6% of financial institutions that use AI believe it is capable of preventing fraud before it happens, making it the most commonly cited tool for this purpose. Fraud specialists unanimously agree that AI-based fraud prevention is very effective at reducing chargebacks. […]
AI Is Predicting The Future Of Online Fraud Detection
Bottom Line: Combining supervised and unsupervised machine learning as part of a broader Artificial Intelligence (AI) fraud detection strategy enables digital businesses to quickly and accurately detect automated and increasingly complex fraud attempts. Recent research from the Association of Certified Fraud Examiners (ACFE), KPMG, PwC, and others reflects how organized crime and state-sponsored fraudsters are increasing the sophistication, scale, […]
