U.S. Treasury Leverages AI to Combat Financial Fraud, Recovers $4 Billion

The U.S. Treasury Department announced a significant breakthrough in its fight against financial fraud, revealing that artificial intelligence has helped recover a staggering $4 billion in “fraud and improper payments” during the 2024 fiscal year. The figure represents a substantial increase from the previous year, when AI-powered systems recovered $652.7 million in fraudulent funds, according

Source: CryptoGlobe