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Using technology for fraud detection in the financial sector

Posted on September 12, 2024

According to FBI statistics, identity fraud is one of the most prevalent forms of fraud in the personal finance sector. It accounts for billions of dollars lost annually, with the average victim losing $1100.

The financial sector is a massive target for malicious actors because of the volume of cash it handles. Even more alarming is the amount of personal data financial institutions hold.  [Read more…]






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