When AI can prevent human fraud

Even as rules and oversight measures are tightened, a new dimension in fraud prevention is gaining ground. Artificial intelligence is now being used to identify and flag errant behavior

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Artificial Intelligence, Stock broking, A

Pranjal Sharma

4 min read Last Updated : Oct 16 2019 | 11:21 PM IST

Marquee names of Indian industry are now facing prosecution for financial fraud, poor corporate governance, crony capitalism and plain corrupt behaviour. Many stars of Indian industry are now behind bars, being prosecuted or on the run abroad. Cutting across sectors the dark life of prominent entrepreneurs has been exposed. Debates on poor corporate governance and accountability rage across board rooms.

Even as rules and oversight measures are tightened, a new dimension in fraud prevention is gaining ground. Artificial intelligence is now being used to identify and flag errant behaviour.

Use of AI for fraud detection will triple by 2021, according to a

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Cyber fraud artifical intelligence frauds online frauds

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