$375 million recovered by US Treasury Department AI - Westfair Communications
On Feb 28 the US Treasury Department announced that during fiscal year 2023 its Enhanced Fraud Detection Process, which makes use of Artificial Intelligence (AI), recovered $375 million from fraudulent activity. According to the announcement from the Treasury check fraud has skyrocketed since the pandemic, increasing by as much as 385%, a figure that aligns […]
Source: westfaironline.com