Finding New Ways to Fight Fraud with AI & Data

We understand! You and your teams are busier than they have ever been. The pressure of scams is changing the way you consider fraud. The strategies need to change; the assessment of risks have shifted and customer contact is being undermined. And the losses are growing!  

Did you know that there is a way forward?

The UK, as reported by UK Finance have reduced APP fraud losses by 11% and cases are down by 16% payments. Even closer to home the Australia National Anti-scam centre have also reduced cases by 18% and losses by a massive 22%! It can be done.

Driven by regulation or the ‘threat’ of it, the industries have done so much under these adversarial circumstances. They had to and you will have to if you want to avoid the ongoing threats.

Across the region, scams targeting East and Southeast Asia resulted in losses of US$18 billion to $37 billion in 2023, according to estimates from the United Nations Office on Drugs and Crime.

The global body also noted an increase in AI-enabled crime involving deepfakes, describing the use of generative AI (GenAI) in cybercrimes as a “complex and alarming” trend in Southeast Asia.

In this audience directed session you can guide the conversation from start to finish.

CXOCIETY, in partnership with SAS, invite you to a webinar to look at how businesses can protect their customers as well as systems against fraud, and discuss how emerging technologies, such as GenAI, can play a key role.

The discussion will also cover a range of topics, including:

• In an unprecedented shift, fraud and compliance peers need each other
• Machine learning and anomaly detection will define your risk management and anti-scam measures
• AI and GenAI has critical role in mitigating fraud and Financial Crime risks and enhancing decisions
• How will security intelligence encompass including government agencies, banks, and financial institutions in the future