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  2. Alloy raises $100M at a $1.35B valuation to help banks and ...

    www.aol.com/finance/alloy-raises-100m-1-35b...

    Alloy, which has built an identity operating system for banks and fintechs, announced Thursday that it has raised $100 million at a $1.35 billion valuation. Lightspeed Venture Partners led the ...

  3. Data analysis for fraud detection - Wikipedia

    en.wikipedia.org/wiki/Data_analysis_for_fraud...

    Another tool Bolton and Hand develop for behavioural fraud detection is Break Point Analysis. [17] Unlike Peer Group Analysis, Break Point Analysis operates on the account level. A break point is an observation where anomalous behaviour for a particular account is detected. Both the tools are applied on spending behaviour in credit card accounts.

  4. Artificial intelligence in fraud detection - Wikipedia

    en.wikipedia.org/wiki/Artificial_intelligence_in...

    It is widely used in the financial sector, especially by accounting firms, to help detect fraud. In 2022, PricewaterhouseCoopers reported that fraud has impacted 46% of all businesses in the world. [1] The shift from working in person to working from home has brought increased access to data.

  5. Return fraud is costing retailers billions. A new AI program ...

    www.aol.com/news/return-fraud-costing-retailers...

    US retailers lost a little over $100 billion in return fraud, or around $13.70 for every $100 returned, up from $10.40 per $100 in 2022. Major retailers are frequent targets of such scams.

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  7. Column: A Trump judge just overturned the government's most ...

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    That makes the law "one of the government's top fraud-fighting tools," says James King, a spokesman for the Anti-Fraud Coalition, a Washington watchdog group. Without the qui tam, the federal ...

  8. Click farm - Wikipedia

    en.wikipedia.org/wiki/Click_farm

    A click farm is a form of click fraud where a large group of low-paid workers are hired to click on links or buttons for the click fraudster (click farm master or click farmer). The workers click the links, surf the target website for a period of time, and possibly sign up for newsletters prior to clicking another link.

  9. Computer-aided audit tools - Wikipedia

    en.wikipedia.org/wiki/Computer-aided_audit_tools

    CAATs provide auditors with tools that can identify unexpected or unexplained patterns in data that may indicate fraud. Whether the CAATs is simple or complex, data analysis provides many benefits in the prevention and detection of fraud. CAATs can assist the auditor in detecting fraud by performing and creating the following,