Fraud Detection & Prevention

How Is Chainalysis Using AI to Combat Crypto Frauds and Hacks?
Data Analytics How Is Chainalysis Using AI to Combat Crypto Frauds and Hacks?

Chainalysis is at the forefront of leveraging artificial intelligence to tackle the growing threats and complexities in the cryptocurrency landscape. The firm is making strategic investments in blockchain technology and enhancing its suite of products to stay ahead of AI-driven scams and

GenAI Revolutionizes Risk and Fraud Management Across Industries
Data Analytics GenAI Revolutionizes Risk and Fraud Management Across Industries

Generative artificial intelligence (GenAI) has profoundly transformed the landscape of risk management and fraud detection across various industries. This technological revolution does not aim to usurp human expertise but rather to augment it, enabling professionals to concentrate on more strategic

Motor Insurance Claims Evolve with AI and Digital Integration
AI & Automation Motor Insurance Claims Evolve with AI and Digital Integration

In recent years, technological advancements in motor insurance have revolutionized the claims process, addressing long-standing barriers such as limited access in urban areas and fraudulent claims. With the increased integration of AI and digital platforms, the industry is undergoing a

How Is Aviva Combating the Surge in Fraudulent Insurance Claims?
Data Analytics How Is Aviva Combating the Surge in Fraudulent Insurance Claims?

With an ever-increasing number of fraudulent insurance claims shaking the UK insurance industry, companies like Aviva are stepping up their game. The year 2024 recorded a notable surge in dishonest claims, prompting Aviva to take a closer look at its processes and technology to counteract this

Google Revamps AI Strategy to Compete Against ChatGPT and Copilot
Data Analytics Google Revamps AI Strategy to Compete Against ChatGPT and Copilot

Google continues to face significant challenges in the artificial intelligence (AI) landscape, particularly in maintaining competitiveness with the Gemini AI chatbot against leading rivals like OpenAI’s ChatGPT and Microsoft's Copilot. Recently, substantial changes have been undertaken within

Fraud Costs Soar as North American Retail and Ecommerce Face Challenges
Data Analytics Fraud Costs Soar as North American Retail and Ecommerce Face Challenges

The escalating issue of fraud continues to plague ecommerce and retail businesses in North America, leading to significant financial and operational challenges. The latest LexisNexis True Cost of Fraud Study provides critical insights into these issues, shedding light on the financial burden of

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