fromLondon Business News | Londonlovesbusiness.com
36 minutes agoHow machine learning enhances fraud detection - London Business News | Londonlovesbusiness.com
According to the Office for National Statistics, there were 4.2 million fraud incidents in England and Wales for the year ending March 2025 (ONS). That's a massive 31% increase year-on-year. It's the highest number of fraud instances since the ONS records began in 2017. The issue is that online fraud is becoming so much more sophisticated than it ever was because of artificial intelligence. Fraud is more convincing than ever, so the strategy is emerging to use the same technology for detection and deterrence.
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