Machine learning method cuts fraud detection costs by generating accurate labels from imbalanced datasets

How next-generation AI and data clusters are pioneering fraud defense

AI-driven data clustering is the new face of fraud prevention.

Machine learning method cuts fraud detection costs by generating accurate labels from imbalanced datasets

Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses surpassed $10 billion for the first time.

Mastercard and Feedzai join together to fight fraud San José, 16 Apr (elmundo.cr) – Mastercard, a technology leader in the global payment industry, and Feedzai, an AI solution provider for financial crime prevention, today announced that they are joining forces to facilitate more banks in identifying and arresting scams, protecting consumers and businesses around the world. As payments continue to evolve, scammers are increasingly using AI to sw…

How next-generation AI and data clusters are pioneering fraud defense - WorldNL Magazine

Fraud prevention is undergoing massive shifts as organizations strive to stay ahead of increasingly sophisticated bad actors. Thanks to advancements, such as artificial intelligence (AI) and machine learning (ML), that democratize access to enable fraud at speed and scale, traditional, rules-based systems – long the industry standard – are proving insufficient in the wake of such emerging technologies. As bad actors find new and innovative ways …

Financial institutions are constantly exposed to new and sophisticated vulnerabilities, from phishing attacks and malware to real-time fraud. The digitalization of financial services and the development of disruptive tools and techniques, according to the Funcas Finance and Technology Observatory, published in March 2025, has led to an increase in banks' operational risk and payment fraud. Cybercriminals exploit gaps in authentication and valida…

Fraud Detection Transformed: Researchers Harness Machine Learning for

In a groundbreaking advancement in the realm of fraud detection, researchers from Florida Atlantic University’s College of Engineering and Computer Science have harnessed the power of machine learning to tackle the ever-evolving challenges of fraud in health care and finance. As fraud continues to escalate—costing the U.S. economy billions every year—this innovative method represents a significant step towards more effective and efficient identi…