How banking fraud is changing with data and AI

Big data = big chances for fraud

whitepaper

Hackers are now often well-funded groups making very sophisticated automated attacks via globally distributed computer networks. The use of e-banking and mobile payments has only emboldened them, and made protecting against fraud in the banking, financial services and insurance sector even more difficult and complex.

To compete in the ‘right now’ economy and both prevent and detect fraud in real time, financial service institutions need to take a new approach, combining powerful data with artificial intelligence.

This whitepaper looks at how AI and machine learning are transforming fraud prevention and detection, including:

  • Why big data and the ‘right now’ economy are making fraud detection more complex
  • The consequences of continuing to rely on legacy systems for fraud detection
  • The attributes of an optimal fraud protection data layer

Most Popular

350,000 Spotify users hacked in credential stuffing attack
Security

350,000 Spotify users hacked in credential stuffing attack

24 Nov 2020
Samsung Galaxy Note might be discontinued in 2021
Mobile Phones

Samsung Galaxy Note might be discontinued in 2021

1 Dec 2020
IT Pro 20/20: Why tech can't close the diversity gap
Careers & training

IT Pro 20/20: Why tech can't close the diversity gap

1 Dec 2020
Black Friday's best antivirus deals
Security

Black Friday's best antivirus deals

27 Nov 2020