Tag: Predictive Risk Scoring
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AI for Fraud Prevention: Protecting Revenue Streams in Finance and E-Commerce
Fraud is a relentless predator in finance and e-commerce, gnawing at revenue streams with alarming efficiency. In 2023, global fraud losses hit $56 billion, per the Association of Certified Fraud Examiners (ACFE), with financial institutions and online retailers bearing the brunt. From stolen credit cards to sophisticated phishing schemes, fraudsters evolve faster than traditional defenses…