Can AI Prevent Fraud Without Interfering with Your Privacy?
Fraudsters are getting craftier, but fortunately, the technology against them is becoming more intelligent as well. The question on everyone's mind is, how can we apprehend the bad guys without becoming Big Brother? You may be surprised at the answer. The idea of fraud detection has been synonymous with gathering as much information as possible about all people. It was as though there was a security camera in every room just in case. However, AI is turning the tables, and it is, in fact, turning things more private rather than less.