Tag: AI in fraud

Introduction: As technology advances, so do the techniques used by fraudsters to exploit vulnerabilities and commit fraudulent activities. However, with the rise of artificial intelligence (AI), businesses and organizations now have a powerful tool at their disposal to combat fraud more effectively. In this article, we will explore the role of artificial intelligence in fighting fraud and highlight a few remarkable companies that are leading the way in utilizing AI for fraud detection and prevention. Fraud Detection and Identification: a. Simility (acquired by PayPal): Simility leverages AI and machine learning algorithms to...