The healthcare industry has undergone major transformations over the past few years and has adopted numerous new techniques - remote patient care, online health records, and data-driven care, to name a few. While these changes have increased the industry's efficiency, they have also given rise to a new set of problems that include theft of patients' data. Healthcare agencies … [Read more...] about Say No to Healthcare Fraud, Waste, and Abuse with Big Data
fraud
Anti-fraud Analytics Shine as AI in Banking Grows
While the finance and banking sector has a reputation of maintaining a relatively conservative, cautious approach toward major disruptions, the current push for digital transformation, CX prioritization, and data-driven automation has been leading to massive changes. AI integration is one of them. Chatbots and CX augmentations may well be the headline-makers of today, and a … [Read more...] about Anti-fraud Analytics Shine as AI in Banking Grows
5 Real Applications Of Data Mining
Data mining, a process that involves identifying patterns and anomalies in large data sets, is widespread among many of today's companies. Experts predict the big data market will reach $103 billion in revenue by 2027, far exceeding 2019's predicted $49 billion. One of the main reasons why data mining is so pervasive is the wide variety of applications it has. Brands across … [Read more...] about 5 Real Applications Of Data Mining
AI Fraud & AML Summit
Artificial intelligence (AI) has the potential to transform financial institutions (FIs), disrupting every aspect of financial services, from the customer experience to financial crime. AI technology can be utilised by FIs in a number of ways, with anti-money laundering (AML) one of the main areas of focus. FIs can employ AI to analyse large amounts of data, to filter out … [Read more...] about AI Fraud & AML Summit
Psychology of Online Fraud: Why We Fall for Scams and How to Prevent It
It's often said that humans are the weakest link in cybersecurity. I find it hard to disagree with this statement given how many people fall for various scams each year. More money down the drain  According to the FBI, losses to online frauds reached $2.7 billion in 2018, nearly doubling the previous year's figure. This past year, the most prevalent crime types reported by … [Read more...] about Psychology of Online Fraud: Why We Fall for Scams and How to Prevent It
