Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
- 17,214
.
![1_ZND0s0i1MTgYW9FXNQ5uMA[1].webp 1_ZND0s0i1MTgYW9FXNQ5uMA[1].webp](https://www.houseofpolitics.com/data/attachments/17/17209-fd7c4ef3ae94432f054691fe698ed5f0.jpg?hash=P2D9JkmxkE)
.
AI Helped Uncle Sam Catch $1 Billion Of Fraud In 2024...And It’s JUST GETTING STARTED!!
October 17, 2024
.
"The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off!!!!![1_ZND0s0i1MTgYW9FXNQ5uMA[1].webp 1_ZND0s0i1MTgYW9FXNQ5uMA[1].webp](https://www.houseofpolitics.com/data/attachments/17/17209-fd7c4ef3ae94432f054691fe698ed5f0.jpg?hash=P2D9JkmxkE)
.
AI Helped Uncle Sam Catch $1 Billion Of Fraud In 2024...And It’s JUST GETTING STARTED!!
October 17, 2024
.
Machine learning AI helped the U.S. Treasury Department to sift through massive amounts of data and recover $1 Billion worth of check fraud in fiscal 2024 alone, according to new estimates shared first with CNN. That’s nearly triple what the Treasury recovered in the prior fiscal year.
“It’s really been transformative,” Renata Miskell, a top Treasury official, told CNN in a phone interview.
“Leveraging data has upped our game in fraud detection and prevention,” Miskell said.
The Treasury Department credited AI with helping officials prevent and recover more than $4 Billion worth of fraud overall in fiscal 2024, a six-fold spike from the year before."
![e99e9ba25eace7702c256656e16bba52[1].gif e99e9ba25eace7702c256656e16bba52[1].gif](https://www.houseofpolitics.com/data/attachments/17/17210-17d257a5e89f933c95ff3dbee610cde0.jpg?hash=6Z6bol6s53)