Detecting fraud with artificial intelligence

According to the Global Economic Crime and Fraud Report conducted by the global audit firm PwC, financial fraud and cybercrime hit an all-time high this year. In fact, in the past two years, 49% of international organizations reported experiencing economic fraud. While numerous institutions are introducing new technologies to eradicate crime, technology to prevent economic crime and fraud with artificial intelligence is attracting attention. According to a report by PwC, there are three common types of economic crime and fraud. These are asset theft, cybercrime, and consumer fraud.