New York (CNN) — Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence. Starting around late 2022, the Treasury ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

ARLINGTON, Va.--(BUSINESS WIRE)--Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has won a $73 million contract from the Internal Revenue Service (IRS) to support the agency ...

In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, ...

JERSEY CITY, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics and technology provider, today announced two new collaborations with insurance technology ...

Get the latest federal technology news delivered to your inbox. The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022.

Verisk’s ClaimSearch platform plays a crucial role in combating the estimated $309 billion annual toll insurance fraud imposes on American businesses and consumers by providing P&C carriers with ...

Chances are you’ve spotted odd-looking charges on your credit card statement, which prompted you to seek a refund from your issuer. Around 50% of consumers investigated a transaction they made in the ...

The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022. Specifically, the new tool is meant to address check fraud — which the ...