The role of AI and machine learning in personal data security - Raconteur

A proactive and dynamic response to digital identity security is now critical. Latest figures from fraud prevention organisation Cifas show there has been a sharp rise in identity fraudsters applying for loans, online retail, telecoms and insurance products. Simon Dukes, chief executive of Cifas, says: "We have seen identity fraud attempts increase year-on-year, now reaching epidemic levels, with identities being stolen at a rate of almost 500 a day." Proving your identity has always been essential, but none more so than across the digital landscape. It's not surprising that artificial intelligence (AI) and machine-learning are being rapidly developed as an aid to identity authentication.