#fraud-detection

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The Curation Conundrum | Adtech Chat Insider

Curation in digital advertising is a topic of heated debate, questioning its role as an innovation or mere rebranding.
#ai-technology

Machine Learning Is Helping the US Treasury Identify Fraud

Machine learning's application in detecting fraud has yielded significant financial recoveries for governmental agencies, showcasing its potential for social good.

Bluespine Raises $7.2M to Help Self-Insured Employers Fight Medical Overbilling

Self-insured employers face significant challenges with medical claims and overbilling, leading to financial risks that can be mitigated through advanced audit solutions.

Machine Learning Is Helping the US Treasury Identify Fraud

Machine learning's application in detecting fraud has yielded significant financial recoveries for governmental agencies, showcasing its potential for social good.

Bluespine Raises $7.2M to Help Self-Insured Employers Fight Medical Overbilling

Self-insured employers face significant challenges with medical claims and overbilling, leading to financial risks that can be mitigated through advanced audit solutions.
moreai-technology

Sreenivasarao Amirineni: How Machine Learning Contributes to Modern Business Efficiency | HackerNoon

Sreenivasarao Amirineni is a prominent figure in insurance and data analytics, known for his innovative projects and leadership in technological advancements.
#us-treasury

The US Treasury is using AI (a vehicle for fraud) to detect fraud

The US Treasury successfully used AI to detect and recover over $4 billion in fraud payments last fiscal year.

AI helped the feds catch $1B of fraud in 1 year

The US Treasury's use of AI in fraud detection has significantly improved financial crime recovery, with over $4 billion recovered in fiscal 2024.

The US Treasury is using AI (a vehicle for fraud) to detect fraud

The US Treasury successfully used AI to detect and recover over $4 billion in fraud payments last fiscal year.

AI helped the feds catch $1B of fraud in 1 year

The US Treasury's use of AI in fraud detection has significantly improved financial crime recovery, with over $4 billion recovered in fiscal 2024.
moreus-treasury

How to Use Call Detail Records to Detect Fraud

Call detail records (CDRs) are essential for monitoring phone systems and detecting fraud.

Ephemeral IDs: Cloudflare's Latest Tool for Fraud Detection

Cloudflare's Ephemeral IDs enhance fraud detection by associating behavior with users rather than IP addresses, complicating evasion for malicious actors.
#finance

How Is AI Used in Accounting and Finance?

AI is revolutionizing accounting and finance by automating tasks, enhancing data analysis, detecting fraud, and improving efficiency and accuracy.

Natural Language Processing Use Cases | TechRepublic

Natural Language Processing is transforming AI's ability to understand human language, crucial in various sectors like finance and healthcare.

How Is AI Used in Accounting and Finance?

AI is revolutionizing accounting and finance by automating tasks, enhancing data analysis, detecting fraud, and improving efficiency and accuracy.

Natural Language Processing Use Cases | TechRepublic

Natural Language Processing is transforming AI's ability to understand human language, crucial in various sectors like finance and healthcare.
morefinance

FTX's Downfall Couldn't Have Happened Without SBF's Fraud - Or Prager Metis' Audit Failure

Auditors' negligence can allow massive frauds like FTX to occur, highlighting the need for adherence to professional standards.
#security-measures

77% of Consumers Expect Banks to Use AI to Fight Fraud

AI plays a crucial role in enhancing security and efficiency of real-time payments.

Identity fraud detection and prevention - London Business News | Londonlovesbusiness.com

Identity fraud is escalating significantly, necessitating improved detection and prevention strategies.

77% of Consumers Expect Banks to Use AI to Fight Fraud

AI plays a crucial role in enhancing security and efficiency of real-time payments.

Identity fraud detection and prevention - London Business News | Londonlovesbusiness.com

Identity fraud is escalating significantly, necessitating improved detection and prevention strategies.
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#risk-management

The Impact of Artificial Intelligence on Finance: Revolutionizing the Financial Industry - ETCFO

AI is revolutionizing the finance industry by enhancing security, automating tasks, and improving risk management.
Machine learning is a powerful tool in training AI algorithms to recognize patterns, make predictions, and detect fraudulent activities.

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

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.

Council Post: The Impact Of AI On The Financial Services Industry

AI is transforming financial services by enhancing fraud detection and risk management, improving customer safety and decision-making processes.

The Impact of Artificial Intelligence on Finance: Revolutionizing the Financial Industry - ETCFO

AI is revolutionizing the finance industry by enhancing security, automating tasks, and improving risk management.
Machine learning is a powerful tool in training AI algorithms to recognize patterns, make predictions, and detect fraudulent activities.

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

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.

Council Post: The Impact Of AI On The Financial Services Industry

AI is transforming financial services by enhancing fraud detection and risk management, improving customer safety and decision-making processes.
morerisk-management
#machine-learning

How to Use Machine Learning for Credit Scoring

Machine learning enhances credit scoring accuracy by analyzing more variables and adapting to new data, reducing bias and improving predictive power.

New AI System Aims to Detect Financial Fraud Across Corporate Networks | PYMNTS.com

A new AI system, FraudGCN, can detect accounting fraud by analyzing financial patterns and corporate relationships, enhancing fraud detection across industries.

Anomaly Detection: The Dark Horse of Fraud Detection | HackerNoon

Supervised learning is preferred for fraud prediction, but organizations must not overlook the potential of unsupervised learning to detect new fraud patterns.

Bloomberg

Artificial intelligence is increasingly being used to detect and prevent fraudulent activities.
Machine learning algorithms can analyze large amounts of data to identify unusual patterns or behaviors that may indicate fraud.

How to Use Machine Learning for Credit Scoring

Machine learning enhances credit scoring accuracy by analyzing more variables and adapting to new data, reducing bias and improving predictive power.

New AI System Aims to Detect Financial Fraud Across Corporate Networks | PYMNTS.com

A new AI system, FraudGCN, can detect accounting fraud by analyzing financial patterns and corporate relationships, enhancing fraud detection across industries.

Anomaly Detection: The Dark Horse of Fraud Detection | HackerNoon

Supervised learning is preferred for fraud prediction, but organizations must not overlook the potential of unsupervised learning to detect new fraud patterns.

Bloomberg

Artificial intelligence is increasingly being used to detect and prevent fraudulent activities.
Machine learning algorithms can analyze large amounts of data to identify unusual patterns or behaviors that may indicate fraud.
moremachine-learning
#pattern-recognition

Data Mining Techniques in Fraud Detection

Data mining is essential for effective fraud detection in modern businesses.

Bloomberg

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.

Data Mining Techniques in Fraud Detection

Data mining is essential for effective fraud detection in modern businesses.

Bloomberg

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.
morepattern-recognition
#ai-in-banking

The five biggest artificial intelligence trends for banking in 2024

AI is being rapidly integrated into the banking industry, particularly in areas like fraud detection and customer experience.
Banks will use AI to improve financial literacy support, personalized insights, and security in banking apps.

Is AI Useful In Banks?

AI in banking enables fraud detection, risk assessment, and faster customer service through chatbots.

The five biggest artificial intelligence trends for banking in 2024

AI is being rapidly integrated into the banking industry, particularly in areas like fraud detection and customer experience.
Banks will use AI to improve financial literacy support, personalized insights, and security in banking apps.

Is AI Useful In Banks?

AI in banking enables fraud detection, risk assessment, and faster customer service through chatbots.
moreai-in-banking

Scam alert for Android users as 'Brokewell' malware threatens users' bank accounts

Android users on Google Chrome may fall victim to Brokewell malware affecting bank accounts.

Brookline police find skimmer at Harvard Street gas station

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

Generative AI: Shaping a New Future for Fraud Prevention

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

The Drum

Adopt a zero-tolerance stance against invalid traffic to combat advertising fraud costing $100bn annually.
Digital marketing platforms should adopt a multi-faceted approach utilizing AI and cutting-edge tools to provide fraud-free traffic to advertisers.

Bloomberg

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

The Drum

Adopt a zero-tolerance stance against invalid traffic to combat advertising fraud costing $100bn annually.
Digital marketing platforms should adopt a multi-faceted approach utilizing AI and cutting-edge tools to provide fraud-free traffic to advertisers.

Bloomberg

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
moreai
#artificial-intelligence

Bloomberg

1. AI is an important tool for analyzing large amounts of data. 2. The EU is using AI to monitor trade activity and detect fraud.

FCI uses AI-based equipment to detect frauds, says official

The Food Corporation of India is using AI-based equipment to detect fraud in its processes involving farmers and grain transportation.
The AI-based grain sorters are used to examine the quality of wheat and rice bought from farmers to ensure poor produce is vetted.

Bloomberg

Health insurers are increasingly using AI to assess claims and detect fraud
AI can analyze large amounts of data more quickly and accurately than human analysts

Bloomberg

1. AI is an important tool for analyzing large amounts of data. 2. The EU is using AI to monitor trade activity and detect fraud.

FCI uses AI-based equipment to detect frauds, says official

The Food Corporation of India is using AI-based equipment to detect fraud in its processes involving farmers and grain transportation.
The AI-based grain sorters are used to examine the quality of wheat and rice bought from farmers to ensure poor produce is vetted.

Bloomberg

Health insurers are increasingly using AI to assess claims and detect fraud
AI can analyze large amounts of data more quickly and accurately than human analysts
moreartificial-intelligence
#fraud detection

Uncle Sam wants you to help stop insurers' bogus Medicare Advantage sales tactics

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.

Starlink's overzealous fraud detection locked users out of their accounts

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.

Uncle Sam wants you to help stop insurers' bogus Medicare Advantage sales tactics

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.

Starlink's overzealous fraud detection locked users out of their accounts

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.
morefraud detection

Turns out I'm not real: detecting AI videos - Gadget

DIVID tool by Columbia Engineering detects new generation of AI-generated videos.

Findigs Raises $27M to Enhance the Rental Screening Process with its Platform

Findigs streamlines rental screening process, reducing inefficiencies and risks for property managers and renters.
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