Applying AI to Cyber Risk

As cybercrime and fraud grow increasingly sophisticated, applying AI to cyber risk and to combat fraud as well as to take remedial action, is an important area of innovation. Fraudulent transactions and theft happen daily and many businesses and individuals lose revenue without knowing. Organized criminals and online scammers are increasing the sophistication and scale of their attacks. These attacks are becoming more subtle, with many scamming groups using machine learning algorithms to find new ways to target individuals and online businesses. Traditional approaches are proving inadequate to detect these attacks due to their ever-changing pattern, sequence, and structure. Traditional approaches also don't capitalize on today's technological capabilities.