Fraud Summit - San Francisco 2014 - Could artificial intelligence have been used to prevent the high-profile Target breach? The concept is not so far-fetched. Organizations such as MasterCard and RBS WorldPay have long relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud. Register for this session to learn:
The latest market research on fraud trends and the use of threat intelligence;
How AI has evolved;
Strategies for how new AI solutions can be used to predict and prevent fraud;
The use of artificial intelligence for fraud prevention is not a new concept, and it's not the stuff of science fiction, according to its proponents. In fact, AI solutions can be used to enhance security across a number of business sectors, including retail and financial.
By tracing the steps of card usage and device or endpoint access, security specialists are more effectively linking points of compromise and preventing fraud. Organizations rely on AI to trace those steps by analyzing the behaviors of transactions and devices.
Companies such as MasterCard and RBS WorldPay have relied on AI to detect fraudulent transaction patterns and prevent card fraud for years now. And some proponents feel AI could have helped retailers such as Target and Neiman Marcus to prevent their recent breaches.
In this session, Ed Ferrara of Forrester looks at the new requirements for security analytics and the fraud connection.
And then Paul Cordero of Brighterion offers insight from case studies of organizations that have applied AI to their own risk management programs.
ISMG's Fraud Summits are one-day events focused exclusively on the top fraud trends impacting organizations and the mitigation strategies to overcome those challenges.
Paul Cordero joined Brighterion in 2011 as an Analytical Scientist. With many years of experience in predictive analytics and modeling, Paul Cordero serves as Brighterion's Modeling Architect. In this role, Paul designs models related to Fraud Prevention, Credit Risk, Chargeback, Healthcare Fraud, Homeland Security, Micro-merchant and Anti-money Laundering. With his experience in Math and Analytics, Paul is also involved in Brighterion's business development team.
Ferrara contributes to Forrester's offerings for the security and risk professional, leading the company's coverage of security metrics, security program effectiveness, security awareness and enterprise security information architecture. Ferrara's research builds on his work as a highly experienced in-program manager for the design and delivery of secure information technology solutions, including strategy, process, applications and infrastructure. He has consulted with Fortune 50 companies in the area of solution determination based on understanding the needs and the skills required to create a successful security posture for large complex organizations.