DataVisor’s Post

Criminals who commit #financialcrime - like #fraud & #moneylaundering - are always coming up with new ways to scam consumers. One such example is the Romance Scams that cost consumers $1.14 Billion in 2023! Most current solutions constantly play catch-up with criminals and their evolving tactics. In contrast, our latest award-winning #fintech product - #ThePreCogs - uses generative AI to predict new crime patterns, trains itself to detect such crimes, and preemptively stops them from occurring with 99.7% accuracy! Key Highlights: 1. 99.7% #accurate with near perfect F-1 Score (0.975) 2. Works with any #currency 3. Uses #GenAI to predict new and evolving crime patterns of the future and self-trains or evolves (without any human intervention) to detect them 4. Reduces #cost in multiple ways like preventing financial crime, using gen AI to train itself and automatically evolve without human intervention, etc. 5. NO #demographic or #proprietary data needed. Only needs transactional data to predict and prevent a financial crime in real-time. For example, it can catch a financial crime even if it is done by an 18 year old person with no prior credit history or financial footprint. https://lnkd.in/eMgGfFGe #DigsFact #ai #aml #regtech

Can you guess what today's top scams are? If you can't, it's time you safeguard yourself and find out. No matter your age or income, fraudsters don't discriminate. Check out the latest top scams and how to protect yourself directly from TD's fraud department folks: #fraud #equipped #scam #artificialintelligence #ai #upstateny #tdbank

🚨 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗱𝗲𝗲𝗽 𝗱𝗶𝘃𝗲: Fraudio’𝘀 𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗶𝗻 𝘁𝗮𝗰𝗸𝗹𝗶𝗻𝗴 𝗔𝗣𝗣 𝗙𝗿𝗮𝘂𝗱 𝗮𝗻𝗱 𝗠𝗼𝗻𝗲𝘆 𝗠𝘂𝗹𝗲𝘀 🛡️    💸 Learn about the rising threats of Authorized Push Payment (APP) Fraud and Money Mule activities. 📈 Dive into the crucial role of AI-powered solutions offered by our portfolio company Fraudio, in detecting and preventing fraud in real-time. 💪 Don't miss out on understanding how behavioral analysis, data intelligence, and collaboration among market players can help shape the fight against fraud.   🔗 Check out the full article for more insights: https://lnkd.in/dj57QjrZ   #financialfraud #AI #fraudprevention 🚀🔒

🔍 Product Deep Dive: Fraudio’s Leverage in Tackling APP Fraud and Money Mules Curious about how financial institutions can combat Authorized Push Payment (APP) Fraud and Money Mules (MMs)? Check out my latest article where I delve into the growing threat of these scams and how our portfolio company Fraudio can support banks and financial institutions in this fight. #FraudPrevention #fintech #AI

Protect yourself from fraud with these tips. Online scams are increasing with advances in technology. Learn the red flags to watch for and how scammers operate. https://bit.ly/3VPcrRi #Fraud #Scams #CreditCardFraud #Scammers #ArtificialIntelligence #AI #RedFlags

Faster payments mean speed and irrevocability, a perfect recipe for fraudsters to exploit. And with faster payments adoption rising, it gives fraudsters a wider pool to fish from. So how can FIs protect themselves? So far the strongest solution to fight back and proactively prevent these attacks to stop fraud losses is predictive intelligence. No matter the shape these fraud attacks take, predictive intelligence is the best tool to weed them out. #ai #artificialintelligence #fraudprevention #machinelearning #dataorchestration #realtimepayments

AI this is only going to get worse: You get a phone call or text from a family member or friend saying they’re in trouble and need money. Before you rush to help, make sure the requestor is who they claim to be and not an imposter. Learn more about imposter scams and how to protect yourself: https://bit.ly/3T08Y1Q #scamalert

💳” As AI gets more advanced, so do the fraudsters. According to the Federal Trade Commission, fraud cost consumers more than $7 billion during the first three quarters of 2023.” Continue the @BusinessInsider Article below 👇🏼

Check fraud in 2024 happens in much the same way it always has—stolen checks, check washing, check kiting—all are prevalent modern scams. But check fraud isn’t just a pesky nuisance still hanging around, in 2023 FIs filed 134% more check fraud-related Suspicious Activity Reports than the year prior. Why is check fraud rising so rapidly? And can FIs use AI and machine learning-powered fraud detection to fight it? Find the answers in our blog post, How to Defeat Rising Check Fraud in 2024. #checkfraud #fraudtech #fraudstrategy #bankingfraud #ai #artificialintelligence #fraudprevention #machinelearning

😳 Scams are growing more sophisticated. A suspicious, obviously altered link is no longer the norm for scammers; with AI, deepfakes, and ML, scams are only becoming realistic, and plausible. 🤯 In 2023 alone, 353 million people were impacted by data breaches. 🕵️ With the line between authorised and unauthorised transactions getting blurrier, does this mean that banks need to step up and take more responsibility to prevent scams or is this on the customer? A very loaded debate. Great insights here👇 #scam #fraud #financialcrime #reimbursement