Identity theft remains a major problem in our society. In fact, the rise of modern technology and the various improvements it has brought to the table have arguably made the situation even worse in this regard. Because today, thieves no longer need actual physical access to your data to do their worst. They can often cause a lot of damage by compromising your identity and working remotely, and they can often do most of that without engaging you directly at all.
That said, technology has also been used successfully to combat this problem, and we are seeing some major developments in this regard, especially from credit card companies and other players on the market. Artificial intelligence has been at the forefront of some of the most important recent happenings, and it’s a good idea to pay attention to that sector for anyone concerned about their own security. And of course, those operating in the field of finances in any professional capacity have an even bigger reason to pay attention to the way things work.
The Old Ways
Identity fraud detection used to be a largely manual process with little in the way of automation. Agents would get alerted when the system detected activities ...
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