Taking the fight to the fraudsters: How AI safeguards the digital economy
Briefly

from Fast Company8 months ago
Last year, cybercrime cost an estimated $5 trillion across the globe-close to 5% of the world's GDP.
Fast Companyhttps://www.fastcompany.com/91114044/taking-the-fight-to-the-fraudsters-how-ai-safeguards-the-digital-economy
In 2023, Mastercard's AI-powered insights protected more than 143 billion transactions and deflected $20 billion in fraud across its network.
Fast Companyhttps://www.fastcompany.com/91114044/taking-the-fight-to-the-fraudsters-how-ai-safeguards-the-digital-economy
Designed to find patterns in reams of data, AI can detect subtle anomalies and keep up with fraudsters in real time.
Fast Companyhttps://www.fastcompany.com/91114044/taking-the-fight-to-the-fraudsters-how-ai-safeguards-the-digital-economy
Mastercard's AI solutions help protect customers and fight fraudsters at each stage of the transaction, from the moment a person opens their browser or app until a purchase is complete.
Fast Companyhttps://www.fastcompany.com/91114044/taking-the-fight-to-the-fraudsters-how-ai-safeguards-the-digital-economy
Read at Fast Company
#fraud-prevention #cybercrime #ai-technology #digital-transactions #mastercard
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