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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 63
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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 48
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Reflections 2022: The Power of Patents and the People Behind Them

FICO

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. The Power of Patents.

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Our Scams Model Just Won an Award for Machine Learning

FICO

I’ve previously discussed our company’s work on an Artificial Intelligence-based scams model for FICO® Falcon® Fraud Manager and the technology behind it. To build the award-winning scams model, my team had to take a different approach from our traditional work on fraud models. Explore all our fraud prevention and detection offerings.

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Is ChatGPT the Weight Loss Wonder Drug of AI?

FICO

FICO today uses generative AI already to produce synthetic training data for robustness / scenario testing and robotic process automations (RPAs) in certain customer-facing interactions in areas like fraud case management and collections. Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence.

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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence. Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi.

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FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

FICO

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Scott received his Ph.D.