Fraud has increased as COVID-19 continues to pressure companies to go digital.
Artificial Intelligence (AI), Biometrics & Big Data analytics are playing a critical role in fraud detection & prevention across various industries, especially when the world is adapting to the new digitalised nature of businesses during the COVID-19 pandemic. With more companies going online, the risk of being duped by fraudsters is higher than before. Early in the course of the coronavirus pandemic in the U.S., AI fraud detection and prevention software vendor Fraud.net saw a 40% rise in online retail fraud attempts.
Meanwhile, a series of benchmarking surveys by the nonprofit professional organization Association of Certified Fraud Examiners reported that 77% of respondents observed an increase in fraud as of August 2020. Considering these factors, Group Futurista is all set to bring together leading experts from various industries & FinTechs to unearth the best Fraud Detection & Prevention solutions and foster efficient information which can help businesses thrive in such uncertain times.
CXO, VP, Director, Head of
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