Had it been around in 2020, it could have flagged tens of billions before payouts, PRAC tells Congress A fraud-detection AI ...

In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022. Specifically, the new tool is meant to address check fraud — which the ...

JERSEY CITY, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics and technology provider, today announced two new collaborations with insurance technology ...

Chances are you’ve spotted odd-looking charges on your credit card statement, which prompted you to seek a refund from your issuer. Around 50% of consumers investigated a transaction they made in the ...

Transparency is another priority. Given the decentralized and trust-based nature of Web3.0, the expert emphasizes ...

The hiring process has become a high-stakes battleground. What was once a relatively secure human-to-human interaction is now vulnerable to synthetic identities, deepfakes, identity manipulation, and ...

Traditional techniques for identifying and countering GenAI-enabled vehicle insurance fraud are notably limited, especially ...

Legal consequences can be up to 20 years in prison, plus fines of more than $250,000. This scheme often combines with other ...

What used to be simple forgery or stolen checks has evolved into coordinated attacks that exploit every weak spot in the claim payment process. From account takeovers and phishing attacks to ...

Get the latest federal technology news delivered to your inbox. The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022.