Tag: fraud

Faking It: Dealing with Counterfeits in the Age of AI

Nov 13, 2017 |

The news isn’t the only thing being faked these days. Thanks to cutting edge machine learning techniques, it’s easier than ever for people to generate counterfeit videos, audio recordings, and signatures. Read more…

How Credit Card Companies Are Evolving with Big Data

May 3, 2016 |

As overseers of our digitized marketplaces, credit card companies have a bird’s eye view of what we buy. If you want to know what American consumers are interested in, there’s perhaps no better way that to examine their purchase histories, so it’s no wonder that credit card companies, such as American Express, Capital One, JP Chase Morgan, and Citibank are at the forefront of big data mining. Read more…

‘Tis the Season to Hunt Fraudsters (with Big Data)

Dec 21, 2015 |

Everybody loves Christmas–especially the fraudsters who cloak their criminal schemes in holly, tinsel, and the rush for last-minute gifts. For the folks at ecommerce fulfillment giant eBay Enterprise, keeping the fraudsters away has involved a judicious application of big data tech. Read more…

Taking a Bite Out of ‘Cookie Stuffers’ with Big Data

Apr 3, 2014 |Traditionally, advertisers have accepted fraud as a cost of doing business on the Web because the volume of fake traffic generated by bots and malware was too great to do anything about. But recent advances in big data analytics are giving ad buyers and other companies new tools to detect "garbage traffic" and other unethical schemes, such as cookie stuffing, and to reclaim ad revenue previously lost to fraud. Read more…

Fighting Telephone Fraud with Data Analytics

Jan 13, 2014 |The call came in just as Sheila B. started her shift at the bank's call center. The customer sounded distressed. He was having money problems, he said, and he needed to tap his home equity line of credit. Even though he'd forgotten his account number and PIN, he knew his social security number, so Sheila B. completed the $50,000 transfer as requested. A day later, she learned she'd been duped by a sophisticated ring of fraudsters operating out of Slovenia, but by then the money was gone. Read more…