The rise of AI has also brought about an increase in fraud, with estimates predicting it to reach $10.5 trillion by 2025. To combat this, organizations are implementing multi-layered fraud prevention frameworks that utilize advanced AI and machine learning technology to proactively mitigate risk while minimizing losses. This includes the use of chatbots and intelligent digital assistants to interact with customers in real-time and the ability to automate and learn from previous experiences.
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