AUSTRAC is investigating a widening mortgage loan fraud scandal, after a syndicate duped Commonwealth Bank into writing $1 ...

Database engineer Sai Vamsi Kiran Gummadi is advancing real-time fraud detection in finance using machine learning and bi ...

Massachusetts is among the worst states in the country in fraud detection, an expert says, as several public benefits fraud schemes have been uncovered recently by both federal and state investigators ...

Background: Fraud is a type of financial crime risk that poses threats to customers and banks. There're multiple typologies within fraud such as authorised and unauthorised digital, payment, credit ...

Generative AI is now at the centre of fraud strategy in digital banking. What began as an efficiency tool has quickly become a frontline defence, as banks are forced to confront a new reality: fraud ...

Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase in volume and complexity, banks require intelligent systems that can assess risk with ...

Improved accuracy in predicting corporate financial fraud significantly enhances regulatory efficiency and market stability. However, detecting increasingly sophisticated fraud patterns remains ...

The Insurance Council of Australia (ICA) has revealed a new partnership with Shift Technology and EXL to create a national platform for detecting and investigating insurance fraud. This initiative, ...

iProov’s 2024 Threat Intelligence Report found that deepfakes producing “face swaps” that bypass identity verification surged by 704%. Another study by Feedzai found that over 50% of fraud involves ...

Abstract: Auto insurance claim fraud has become increasingly prevalent in recent years posing a significant challenge for the auto insurance industry. To address this issue there is a growing need for ...

BECKLEY, WV (WVNS) – Many people today are using AI to help them write, create content, and organize information. Did you know the tech could also be helping to protect your wallet? AI is being ...