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How Artificial Intelligence Prevents Fraud

Devices and Networks Provide Clues to Suspicious Patterns
How Artificial Intelligence Prevents Fraud

Artificial intelligence can be used to enhance security across a number of business sectors, including retail and financial, says Dr. Akli Adjaoute of security firm Brighterion.

See Also: Managing Identity, Security and Device Compliance in an IT World

By tracing the steps of card usage and device or endpoint access, security specialists are more effectively linking points of compromise and preventing fraud, Adjaoute says. And organizations are relying on artificial intelligence to trace those steps, he adds, by analyzing the behaviors of transactions and devices.

The use of artificial intelligence for fraud prevention is not a new concept, and it's not science fiction, Adjaoute says. Companies such as MasterCard and RBS WorldPay have for years relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud, he says.

During this interview recorded at RSA 2014, Adjaoute discusses:

  • How use cases for artificial intelligence have evolved;
  • Why artificial intelligence is a necessity for providing a holistic vision of security; and
  • How artificial intelligence could have been used to prevent recent retail breaches at Target Corp. and Neiman Marcus.

Adjaoute is the CEO and founder of Brighterion and is a global leader in cognitive science. Prior to founding Brighterion, he founded Cognitix Technologies, which became the supplier of MINDSuite, a tool for the development and deployment of artificial intelligence applications. Adjaoute also serves as an adjunct professor in artificial intelligence and business intelligence at the University of San Francisco.


About the Author

Tracy Kitten

Tracy Kitten

Executive Editor, BankInfoSecurity & CUInfoSecurity

A veteran journalist with more than 18 years' experience, Kitten has covered the financial sector for the last 11 years. Before joining Information Security Media Group in 2010, where she now serves as the Executive Editor of BankInfoSecurity and CUInfoSecurity, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by CNN.com, ABC News, Bankrate.com and MSN Money.




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