TransUnion LLC has introduced a major upgrade to its Device Risk fraud-detection platform, adding new capabilities designed to improve device recognition, identify anomalies and apply adaptive machine ...

In the age of rapid advancements in technology, the fusion of payments and digitization has sparked remarkable transformations in the manner in which consumers and organizations engage with money.

Artificial intelligence (AI) is transforming fraud prevention, but only when it moves beyond theory into practice. Financial institutions are under pressure to stop sophisticated fraud in real time, ...

The rise of AI has changed the way financial services operate—but it has also changed how fraud is committed. In 2024 alone, U.S. consumers lost over $12.5 billion to fraud, a 25% increase year over ...

This study introduces the Opposition Based learning (OB) algorithm and Nelder–Mead (NM) algorithm coupled with the Arithmetic Optimization Algorithm (AOA) via hybridization mechanism called OBAOANM to ...

In today’s rapidly evolving digital landscape, fraud and financial crime have become increasingly complex and create pervasive issues for organizations of all sizes and specialties. As a result, ...

Insurance fraud has long been one of the industry’s toughest challenges. False claims, forged documents, and hidden patterns of collusion cost insurers billions each year. The real casualty, however, ...

Massachusetts is among the worst states in the country in fraud detection, an expert says, as several public benefits fraud schemes have been uncovered recently by both federal and state investigators ...