Machine learning algorithms scan millions of transactions in banks’ fraud detection centers, flagging suspicious patterns human analysts might miss. Similar mathematical models help Netflix predict...
The U.S. Treasury Department’s artificial intelligence system may be starting to do what armies of auditors have long struggled to achieve: curb financial crime more...
With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this...
Looking to expand security and threat intelligence beyond a completed transaction, Mastercard on Thursday (Sept. 12) announced it is acquiring Recorded Future for $2.7 billion....
2024 was the year cybersecurity evolved from an IT function to an organization-wide risk issue. But while external cyberattacks dominate headlines, insider fraud — the...
Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. The machine learning...
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of...
The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it...
In periods of softening consumer spend, businesses are increasingly turning to the vast B2B marketplace to boost their bottom-line. They aren’t alone. Criminals have taken...