The threat of fraud is real! Fraud detection is a critical and ever-evolving field, especially as digital transactions become increasingly prevalent. Recent developments highlight both the growing sophistication of fraudulent activities and the innovative measures being implemented to combat them.
The Escalating Threat of fraud hits online Online fraud continues to pose significant challenges globally. In 2023, losses due to fraud scams and bank fraud were estimated at $485.6 billion worldwide. Notably, in Europe, 80% of...
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