#fraud detection

#fraud detection

Brookline police warn about credit card skimmers at Harvard Street gas station. [ more ]

Fraud detection is a challenging process due to the complexity of cobbled-together systems and the struggle in effectively implementing machine learning for detection. [ more ]

Conflict of interest can leave organizations vulnerable to civil liability and criminal prosecution.

Conflixis is an AI-powered platform that detects fraud, overspending, and compliance related to conflicts of interest. [ more ]

1. Companies are increasingly using AI algorithms to detect and prevent fraud.

2. AI can analyze large volumes of data and identify patterns that humans may miss. [ more ]

AI is being used to monitor fraudulent activity on e-commerce platforms

The technology can analyze large amounts of data to identify patterns and anomalies [ more ]

The Biden administration is encouraging the public to report misleading or deceptive sales tactics by insurers selling private Medicare Advantage and drug plans.

Specific sales pitches to watch out for include claims that suggest benefits are available to all when only some individuals qualify, mentioning benefits that are not available in the advertised service area, and using superlatives without data to back them up.

The public is also warned to be wary of companies pretending to be from the government-run Medicare program and should report any violations to CMS at 800-MEDICARE. [ more ]

The Starlink bug last week falsely flagged legitimate accounts as fraudulent, locking users out of their accounts.

Affected users received an email titled 'False Positive Fraud Account Correction', but not everyone has regained access to their accounts yet.

Limited customer support options and difficulty in contacting Starlink compounded the issue for users. [ more ]