Fraud

DoNotPay, which advertised that it had developed the world's first artificial intelligence (AI) lawyer, was fined for fraudulent promoting. This follows a crackdown by U.S. regulators on corporations that use or sell AI technology...

Artificial Intelligence (AI), like all other technology, is just not inherently good or bad – it's merely a tool people can use for decent or unwell purposes.For instance, many firms use AI-powered biometrics solutions...

The rapid evolution and global adoption of real-time payment schemes marks a pivotal shift in the worldwide financial ecosystem, improving economies and financial inclusivity…and introducing recent opportunities for crime. One unintended good thing about...

One more AI-powered fraud detection software provider is shedding staff. Inscribe, whose platform works to detect fraud in areas like business underwriting, tenant screening and onboarding, has cut slightly below 40% of its staff,...

An incident occurred through which an worker of a financial company in Hong Kong lost a big sum of money after being tricked right into a video conference with a fake chief financial officer...

Every time a member is publishing a visit or booking a ride, we compute a fraud rating using our business rules, a few of those rules are written by experts, others are leveraging machine...

Deepfake scams have turned China the other way up. Related social media posts recorded over 100 million views in someday. Reuters introduced that on the twenty second (local time), a fraudulent incident occurred wherein...

What's our problem?Why not Decision Trees but Random Forest?Fraud Detection.Evaluation of our model.Hello everyone, in today’s article we are going to review a fraud detection problem with a random forest algorithm. We can have...