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Tag: fraud prevention

News

$1 trillion in scam losses reveals five critical weak points in banking defenses

New SAS analysis finds five critical weak points in banks’ defences against AI-scaled schemes. Scam losses worldwide surpassed US$1.03 trillion in 2024, according ...
By ITEdgeNewsDecember 1, 20250
News

Sumsub Report: Africa becomes a global epicenter for AI fraud and digital verification

Deepfakes, synthetic identities, and cross-border fraud networks are on the rise, while businesses and regulators adopt AI-powered verification to safeguard Africa’s rapidly expanding ...
By ITEdgeNewsNovember 28, 20250
News

Fraud detection & prevention spending by financial institutions reaches $21 billion annually

A new study by global tech strategists Juniper Research forecasts an 85% surge in fraud detection and prevention investment by 2030; rising from $21 billion in 2025 ...
By ITEdgeNewsOctober 27, 20250
Business

Banking’s AI future: Industry executives reveal 5 lessons for responsible and profitable transformation

SAS explores these strategies and more this week at Sibos 2025, the global financial services event of the year. AI is no longer a ...
By ITEdgeNewsSeptember 30, 20250
Business

New age fraud prevention 2.0: AI insights to combat evolving threats, SAS

Global fraud threats are evolving rapidly, requiring a new paradigm — often called “Fraud Prevention 2.0” — that places advanced analytics and AI ...
By ITEdgeNewsMay 16, 20250
News

IoT, blockchain, fraud prevention, Conversational AI, new identity services will dominate 2023

While 2022 brought an end to lockdown and a return to normality, it has also proved a challenging year, with the cost of ...
By ITEdgeNewsJanuary 12, 20230

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