@sasforums We don't have to be afraid to use new technologies since bad people exist at all times and we always defeat them. The race will be won by the government. #saschat#ifaw
@sasforums Collaboration is key. Across public and private sectors. Fraudsters don't operate in silos, and we can't either if we want to stay ahead of them. #saschat#IFAW
Great discussion today #SASchat team! What final thoughts would each of you like to share before we close up this chat on on #Fraud & #AML Trends for 2024?
@sasforums A5: Utilizing detection capabilities trained against #GenAI is the exciting frontier. Being able to rapidly detect the hallmarks of records and submissions created by #AI to commit #fraud will be a critical line of defense. #saschat#IFAW#Fraudweek
A5. Data driven anomaly detection! The only way to catch the signals in the data early will be to get ahead of the data stream! #IFAW#SASChat#Fraud#SAS#Healthcare
@sasforums A4: Banks will be a critical line of defense. Identifying money flows from criminal gangs committing #fraud at scale against #government programs is needed to stem the tide. These flows start with real money, not #crypto, so it will touch the banking system. #IFAW#saschat
A4 It underscores the need for public and private sectors to collaborate as a united front against criminal enterprises. #Fraud is endemic in our society and many view it as victimless – so it’s all our responsibility to work together to eliminate it #SASchat#SAS#IFAW
@sasforums A4. Everything we do should begin to require confirmed ID, Voting, Bank Transactions, doctor visits, ID theft and deep fake technology will only make this harder and more important. #IFAW#SASChat#Fraud#SAS#Healthcare
@sasforums A2: It is and will continue to be a part of people's everyday lives in a positive sense, but also in a negative one where even more will be genuine fake, we will need to have more and more healthy mistrust, which is not good for mental health.#saschat#ifaw#fraud
@sasforums A1: AI has been used to make the lives of decent people easier, but we have observed the use of AI for deep fake in identity, video, and voice to exploit honest people, as well as the development of fake documents to avoid tax rules or to obtain improper benefits. #saschat#ifaw