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Fraud Costs Billions: AI and Human Smarts Fight Back
The financial industry faces a massive $300 billion annual loss due to fraud, with false positives costing an additional $600 billion. Elevon's Director of Customer Data Security, Candace Preassenger, explains how advanced AI combined with human intelligence is crucial for fighting sophisticated fraudsters and improving customer experiences. Businesses must view security as a growth strategy, not just a compliance cost, to achieve better financial outcomes.
