Q&A: How AI stops serious fraud and crime rings in minutes

Last year, mobile operators lost $38 billion (£28bn) of their revenue to fraud, according to the Communications Fraud Control Association’s 2015 survey. International crime rings are successfully and profitably using highly sophisticated techniques to bulldoze through phone companies’ anti-fraud defences. However, emerging big data machine learning applications are beginning to turn the tide. Padraig Stapleton, vice president of engineering at Argyle Data provides insights on how mobile operators are deploying big data and AI to protect themselves and their consumers. 1. What is the financial impact of mobile operator fraud on the mobile economy and on the consumer? Mobile operators face an increasingly complex battle against sophisticated global cybercriminals. Operators must continue to expand into new markets and innovate to win new customers, but this constant evolution increases the potential…

Link to Full Article: Q&A: How AI stops serious fraud and crime rings in minutes

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