Tag: fraud detection
3 articles
AI-Powered Phishing Scams Evade Detection in Workplace
Phishing scams are getting sneakier, with 72% of people saying AI-powered attempts are more convincing than ever - and 57% believe AI makes them harder to spot because they seem more professional. As a result, employees are struggling to tell the difference between genuine workplace messages and fraudulent ones.
Fraud Detection Shifts Toward Identity Intelligence
Fraud detection is evolving from simple verification to a more sophisticated approach: identity intelligence. This shift demands a new strategy to track down individuals who don't exist in the first place.
Fraud Detection Lags as Losses Mount Despite Heavy Tech Investments
Despite pouring money into cutting-edge fraud detection tools and analytics, financial institutions are still struggling to outsmart scammers, with losses mounting at an alarming rate. The disconnect between heavy tech investments and rising fraud losses reveals a pressing need for a new approach to scam prevention.