After Phillip Alston, UN rapporteur on poverty and human rights, presented his report to the UN a few weeks ago, the machine learning (ML) community sat up and took notice. In his report, Alston pointed out how new technologies revolutionize the interaction between governments and society and proclaimed later, that...
Law enforcement works tirelessly around the world to combat the scourge of online fraud and is now warning of organized gangs increasingly gravitating to fraud. Enterprises must match these efforts with improvements of their own. That means supporting risk teams with highly usable, data-centric fraud prevention platforms that leverage the power of machine learning...
After one of the longest periods of US economic expansion on record, many experts are saying it’s time for a recession. That’s troubling in itself, in terms of the potential for job losses, financial uncertainty and economic stagnation. But it could also have a major impact on fraud, as motivation increases and operational cutbacks make scams easier to...
To build solid business growth, global retailers must meet growing market demands for seamless omnichannel experiences without impacting the user experience or escalating too many transactions for manual review....
Over the past 12 months we’ve seen online fraud continue to evolve. E-commerce merchants, financial institutions and other organizations are pushing ahead with efforts to streamline business processes and deliver seamless customer experiences. But these initiatives continue to provide new opportunities for scammers to hijack accounts, open new ones, attempt fraudulent payments...
Digital transformation initiatives across the globe are generating billions of dollars, with the analytics segment alone expected to reach an estimated $74 billion this year. But while organizations focus on getting closer to their customers with innovative new services, and streamlining business processes, the bad guys are also hard at...
The mobile economy is surging. as customers increasingly demand more seamless omnichannel experiences allowing them to jump between multiple devices, fraudsters are also exploiting new opportunities. For businesses keen to drive customer loyalty and profits, there’s too often a trade-off between lower fraud losses and more customer friction – or...
Global fraud is the enemy of the digital retailer. It eats into margins, slashes profits and threatens to undermine hard-won customer loyalty. As online merchants gear up for the crucial holiday season sales period, there is reason to be concerned....
With summer a distant memory and the kids back in school, it’s time to look ahead to the last few months of 2019. For retailers and many other businesses this will mean preparations in earnest for the busy holiday season. Stretching from Thanksgiving and across the Black Friday weekend to Christmas and Hannukah,...
At Simility, we often talk about the need for machine learning-powered systems to combat a new wave of sophisticated digital fraud. But what exactly is machine learning – and how can it be leveraged to provide an advantage over legacy rule-based tools? Tapping the Power Of AI Machine learning is a sub-discipline...
