AI security market set for rapid growth as autonomous agents create new fraud risks
Global spending on securing AI systems is forecast to reach almost $4.8 billion in 2027 as businesses confront emerging vulnerabilities associated with AI applications and autonomous agents, according to Gartner. The analyst predicts the market will grow 68.7% from $2.84 billion in 2026 to $4.78 billion next year, before reaching almost $7.7 billion in 2028. […]
AI Fraud Detection Software: What fraud teams should compare
Fraud prevention has always involved identifying patterns. What has changed is the scale, speed and complexity of the information available to fraud teams, and the ability of artificial intelligence and machine learning to analyse those signals in real time. A digital interaction might generate information about a customer’s device, location, identity, transaction history and behaviour. […]
Returns fraud hotspots revealed as retailers face potential multi-million-pound losses
Retailers are being warned that the drive to process refunds quickly could be increasing their exposure to returns fraud, with new analysis identifying significant variations in suspected fraudulent activity across European markets. Data from ReBound Returns, based on millions of returned items, found Poland recorded the highest average rate of potentially fraudulent returns at 10%, […]