How Is AI Used In Fraud Detection?
NVIDIA News, Wednesday, December 13,2023
The digital landscape is plagued with identity theft, credit card fraud and other schemes. GPU-powered AI, data science and machine learning models are helping counter these problems.
The Wild West had gunslingers, bank robberies and bounties - today's digital frontier has identity theft, credit card fraud and chargebacks.
Cashing in on financial fraud has become a multibillion-dollar criminal enterprise. And generative AI in the hands of fraudsters only promises to make this more profitable.
Credit card losses worldwide are expected to reach $43 billion by 2026, according to the Nilson Report.