Fraud Detection

In a landmark achievement, Clearspeed, a trailblazing company specializing in AI-powered risk assessment technology, has been honored by being named to CNBC’s inaugural list of the World’s Top InsurTech Companies. This prestigious recognition, presented in collaboration with Statista Inc., und

Banking fraud in the UK is on a worrisome rise. Recent predictions by Juniper Research project a staggering increase in fraudulent transactions, expected to more than double from 4.2 million in 2024 to 8.8 million by 2029. This surge underscores the urgent need for the UK banking sector to bolster

The insurance sector is increasingly grappling with the growing challenge of combating fraud facilitated by advancing artificial intelligence (AI) technologies. The issue has intensified as sophisticated AI tools have made it easier for fraudsters to create deepfakes and fake images that deceive

Cargo theft in the U.S. is escalating, with losses exceeding $130 million in 2023. Experts believe the actual figures could be even higher. Thieves have evolved their strategies, increasingly leveraging technology to execute fraud, particularly through load boards—digital platforms that connect s

Fraudulent activities in the banking and money transfer sectors are on a worrying ascent, with predictions pointing to a 153% increase by 2029. As the industry faces the innovativeness of fraudsters wielding artificial intelligence (AI), financial institutions are in an unprecedented situation—the t

The adage "crime doesn't pay" holds particularly true in the realm of insurance, where the deceptive practices of a dishonest few can have a ripple effect across an entire industry. In Canada, group health and dental insurance fraud—though often unseen—is a pervasive issue that ult