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Posts Tagged 'identity theft'

We are pleased to present below all posts tagged with 'identity theft'. If you still can't find what you are looking for, try using the search box.

Artificial Intelligence is Transforming Financial Crime Prevention

The rise of digital transactions has led to an increase in opportunities for financial fraud, as fraudsters constantly develop new tactics. According to American Banker, there were 1.1 million consumer complaints about fraud during the first half of 2024. Artificial intelligence (AI) provides faster and more accurate solutions, improving banks' and other institutions' ability to detect fraudulent activity in real time.

2.9 Billion Records Compromised in Major Data Breach

2.9 billion records, including Social Security numbers were potentially compromised according to USA Today. This breach highlights the increasing vulnerability of personal information in today's interconnected world, raising critical questions about how to better protect such sensitive data.

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