Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year. Reading time 2 minutes The U.S. Department of the Treasury ...

The Federal Reserve is racing to contain a new kind of systemic risk, one that does not start with bad loans or exotic ...

In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

AI continues to gain momentum, and according to a recent report by Accenture, the technology is predicted to add $1.2 trillion in value to the financial sector by 2035. As the head of a platform that ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

Forbes contributors publish independent expert analyses and insights. Charlyn Ho is CEO of Rikka, focusing on technology and privacy issues. This illustration photo taken on January 30, 2023 shows a ...

The modern workplace presents complex security challenges that extend beyond traditional cyber perimeters. While organizations invest heavily in ...