How to Enhance Bot Detection Using Machine Learning

The webinar was a chance to see what's latest with the use of AI and machinery to deter fraud. Fraud rings have increased in scope and size and are now close to businesses in their value chain for financial crime. Trace Fooshee, Aite Group's senior analyst, has developed a financial crime value chain that describes the bot-based fraud tactics currently in use at the corporate level. Fraud ring relies on bad bottles, beginning with mining raw or card, credentials, password, and personal data, to achieve the goals of every step of the value chain. The data bad bots collect every day drives each step of the value chain.