The role of internal audit leaders is evolving rapidly with the advent of artificial intelligence (AI). Traditional fraud detection methodologies are becoming increasingly inadequate in the face of sophisticated and emerging fraud schemes. This article explores how AI can revolutionize fraud
The modern aviation industry places a high premium on ensuring the highest levels of safety and operational efficiency, where even the smallest oversight can lead to significant risks. In a dramatic illustration of this principle, Airbus recently leveraged the power of big data to proactively
Artificial Intelligence (AI) is transforming how businesses analyze customer behavior, enabling companies to understand their customers better and faster than ever before. Advances in machine learning have drastically changed the landscape, allowing even non-tech-savvy employees to participate in
Nonprofit organizations play a vital role in addressing societal needs, from disaster relief to healthcare and education. Their reliance on public trust and altruistic missions makes them particularly vulnerable to fraud. This type of malfeasance can divert much-needed resources, erode donor
The market for Agentic AI in Fraud Detection and Prevention is on the cusp of a significant transformation. With projections indicating growth from USD 4.8 billion in 2024 to approximately USD 206.9 billion by 2034, the landscape of fraud detection is set to evolve dramatically. Financial
The rapid evolution of artificial intelligence (AI) has brought about significant advancements, but it has also introduced new challenges, particularly in the financial sector. One of the most pressing issues is the rise of deepfake-enabled fraud, which leverages AI to create hyper-realistic
