In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022. Specifically, the new tool is meant to address check fraud — which the ...

JERSEY CITY, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics and technology provider, today announced two new collaborations with insurance technology ...

Chances are you’ve spotted odd-looking charges on your credit card statement, which prompted you to seek a refund from your issuer. Around 50% of consumers investigated a transaction they made in the ...

Proactive monitoring tools, such as a third-party hotline platform and data analytics, coupled with employee engagement and a culture of transparency, can help organizations detect fraud in a broader ...

Traditional techniques for identifying and countering GenAI-enabled vehicle insurance fraud are notably limited, especially ...

The hiring process has become a high-stakes battleground. What was once a relatively secure human-to-human interaction is now vulnerable to synthetic identities, deepfakes, identity manipulation, and ...

What used to be simple forgery or stolen checks has evolved into coordinated attacks that exploit every weak spot in the claim payment process. From account takeovers and phishing attacks to ...

Get the latest federal technology news delivered to your inbox. The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022.

Verisk’s ClaimSearch platform plays a crucial role in combating the estimated $309 billion annual toll insurance fraud imposes on American businesses and consumers by providing P&C carriers with ...