AI Fraud Defenses Stop Losses Before Payments
59% of firms with AI fraud tools prevent losses before payments occur.
In brief
59% of firms with AI fraud tools prevent losses before payments occur. Firms using AI fraud defenses stop 90% of attempted fraud before losses, outperforming non-AI companies by 27 percentage points. Originally reported by Pymnts.
AI Fraud Defenses Stop Losses
59% of firms with ai fraud defenses stop at least 90% of attempted fraud before losses occur.
AI Outperforms Traditional Methods
77% of companies report ai fraud detection performs better than previous methods for fraud prevention.
Real-Time Risk Scoring
83% of ai adopters use real-time risk scoring to evaluate transactions for suspicious activity.
Supplier Verification Improvements
81% of firms plan to improve supplier onboarding verification to catch fraud earlier.
AI Adoption Growth
58% of companies without ai fraud tools expect to implement the technology within 12 months.
The bottom line
Firms using AI fraud defenses stop 90% of attempted fraud before losses, outperforming non-AI companies by 27 percentage points.
