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Machine learning method cuts fraud detection costs by generating accurate labels from imbalanced datasets
Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses ...
The COVID-19 pandemic has propelled the world towards the era of electronic payments, a trend that shows no signs of reversing. At 37.8%, credit cards emerged as the most reported method of payment ...
AI is one of the best tools credit card networks have in their battle against fraud, but there are also steps you can take to protect yourself. Evan Zimmer has been writing about finance for years.
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