Background

The use of artificial intelligence for fraud prevention is not a new concept, and it's not the stuff of science fiction, according to its proponents. In fact, AI solutions can be used to enhance security across a number of business sectors, including retail and financial.

By tracing the steps of card usage and device or endpoint access, security specialists are more effectively linking points of compromise and preventing fraud. Organizations rely on AI to trace those steps by analyzing the behaviors of transactions and devices.

Companies such as MasterCard and RBS WorldPay have relied on AI to detect fraudulent transaction patterns and prevent card fraud for years now. And some proponents feel AI could have helped retailers such as Target and Neiman Marcus to prevent their recent breaches.

In this session, Ed Ferrara of Forrester looks at the new requirements for security analytics and the fraud connection.

And then Paul Cordero of Brighterion offers insight from case studies of organizations that have applied AI to their own risk management programs.

ISMG's Fraud Summits are one-day events focused exclusively on the top fraud trends impacting organizations and the mitigation strategies to overcome those challenges.

• 2014 Faces of Fraud
• Trends in Account Takeover: Social Engineering & Evolving Malware
• The Danger Within: Responding to Unintentional and Intentional Insider Threats
• Big Data Analytics & Fraud Detection
• Threat Intelligence & the Underground Eco-System
• How to Fight Fraud with Artificial Intelligence and Intelligent Analytics
• Fraud Investigation Life-Cycle: From Forensics to Working w/ Law Enforcement
• Mobile: Security Risk or Strength?
• Payment Card Fraud, EMV Adoption & the Merchant Challenge
• Future of Payment Card Security
• Top Fraud Threats to Watch in 2014: Technology and Legal Ramifications