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online fraud

How AI Is Protecting Against Payments Fraud

How AI Is Protecting Against Payments Fraud

By Louis Columbus on September 19, 2019

80% of fraud specialists using AI-based platforms believe the technology helps reduce payments fraud. 63.6% of financial institutions that use AI believe it is capable of preventing fraud before it happens, making it the most commonly cited tool for this purpose. Fraud specialists unanimously agree that AI-based fraud prevention is very effective at reducing chargebacks. […]

Posted in Business, Featured Posts, Technology / Software, Trends & Concepts | Tagged AI, Artificial intelligence, credit card fraud, Kount, machine learning, online fraud, payment fraud

AI Is Predicting The Future Of Online Fraud Detection

AI Is Predicting The Future Of Online Fraud Detection

By Louis Columbus on August 8, 2019

Bottom Line: Combining supervised and unsupervised machine learning as part of a broader Artificial Intelligence (AI) fraud detection strategy enables digital businesses to quickly and accurately detect automated and increasingly complex fraud attempts. Recent research from the Association of Certified Fraud Examiners (ACFE), KPMG, PwC, and others reflects how organized crime and state-sponsored fraudsters are increasing the sophistication, scale, […]

Posted in Business, Featured Posts, Technology / Software, Trends & Concepts | Tagged AI, Artificial intelligence, cybersecurity, Fraud, Kount, Louis Columbus' blog, online fraud, Zero Trust Security

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