At the same time, however, it has also multiplied the ways in which cybercriminals are committing fraud.
Modern technology has made it much easier for companies to detect fraud. At the same time, however, it has also multiplied the ways in which cybercriminals are committing fraud. Most businesses will need to use a multi-layered approach in detecting fraud, which usually will involve statistical data analysis and AI There are several Artificial Intelligence tools used in fraud detection. Among these, machine learning can process large amounts of data at a much faster rate than people can.