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Global IT Outage Caused by CrowdStrike Update Glitch
Sumsub: Machine Learning and AI in Fraud Detection and Anti-Money Laundering Compliance
According to Sumsub’s 2023 Identity Fraud Report, there’s been a 10x increase in the number of deepfakes detected globally across all industries from 2022 to 2023, with notable regional differences. This surge has been caused by the greater accessibility of AI among bad actors. However, where AI is a threat, it also happens to be the solution. In this article, we’ll observe what ML/AI technology is, how it’s used in different industries, and how it can be best used to prevent fraud and money laundering.
