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How Does Machine Learning Prevent Fraud?

posted on: Tue May 08 2018

Some solutions try to position machine learning as a fraud prevention silver bullet. But silver bullets are problematic in solving eCommerce fraud problems. They’re even troublesome in werewolf movies – just watch the end of Stephen King’s Silver Bullet for proof.

Take a look as Josh Johnston, Manager of AI Science at Kount shows us the right way to wield the fraud-fighting weapon that is machine learning.

Screen Shot 2018-05-08 at 2.26.22 PM 

So what’s the right approach for using machine learning to prevent fraud?

Hint: Machine Learning + Deep Domain Expertise + Knowledge of Fraud + Business-specific Policies = Success.

For a deeper dive into machine learning and to learn about Kount's 6 keys to accurately prevent fraud, download our latest eBook "The Truth About Machine Learning In Fraud Prevention".

The Truth About Machine Learning

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