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The U.S. Department of Health and Human Services has launched an AI initiative to detect fraud and waste in federal health programs, shifting from a 'pay and chase' model to real-time screening.
Financial institutions deploying AI for fraud detection are finding that the same technology is being weaponized by fraudsters, according to Experian's 2026 Future of Fraud Forecast.
Mastercard has developed a large tabular model trained on billions of card transactions to enhance fraud detection in digital payments. The company plans to scale the model to hundreds of billions of data points for improved security.
