Where Humans Fail AI Prevails: How AI-Powered Fraud Defeats Existing Solutions
The rapid advancement of artificial intelligence (AI) has not only transformed industries for the better, but it has also presented new challenges in the form of AI-powered fraud and cyber-crime. This webinar sheds light on how fraudsters are leveraging AI as a force multiplier to carry out sophisticated attacks and scams.
More specifically, the webinar will focus on the following topics:
- Introduction to AI-Powered Fraud
- AI-Powered Fraud MOs and Scams: We will provide insight into the various techniques employed by fraudsters leveraging AI, along with evidence collected from dark web forums and marketplaces.
- Detection and Prevention Strategies
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With 1 in 6 online purchases returned, merchants saw $212B in returns, of which, 10.7%, or $22.8B, were fraudulent*.
Online returns have enabled fraudsters to exploit policy loopholes and illegitimate returns are now a complicated issue merchants are facing taking on various forms, such as manipulating a shipping label, returning a different item than originally purchased or claiming the item was never received.
Accertify's C.A.R.E. - Claims, Adjustments, Returns and Exchanges - is a purpose-built solution that detects fraudulent patterns in shopper behavior.
Join this webinar to hear all about the launch of C.A.R.E. and how merchants can monitor, measure and act to prevent future abuse.
Learning Objectives:
- Introducing C.A.R.E. – Claims, Adjustments, Returns and Exchanges – a purpose-built solution by Accertify that detects fraudulent patterns in shopper behavior.
- Hear all about C.A.R.E. and how merchants can:
- Monitor, measure and act to prevent future abuse.
- Use aggregated data to gain insight into a purchase and transaction.
- Implement policies and controls to identify fraudulent returns.
- Benefit from Accertify’s community data to help solve this growing problem.
*Customer Returns in the Retail Industry 2022 PDF.