fraud

In: Artificial Intelligence

As digital commerce expands, fraud detection has become critical in protecting businesses and consumers engaging in online transactions. Implementing machine learning (ML) algorithms enables real-time analysis of high-volume transactional data to rapidly identify fraudulent activity. This advanced capability helps mitigate financial risks and safeguard customer privacy within expanding digital markets.Continue Reading

In: Finance

The U.S. Securities and Exchange Commission (SEC) on Monday charged cryptocurrency-friendly lender Silvergate Capital (OTC:SICP) for “negligence-based fraud” on Monday. According to the SEC’s complaint, Silvergate and its former CFO Antonio Martino had misrepresented the company’s financial condition during a liquidity crisis and bank run following FTX’s collapse. The complaintContinue Reading