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How AI fights fraud in the telecom industry
Americans lost $29.8 billion in phone fraud over the past year. Can AI fraud detection change this? Image: Shutterstock/Tapati Rinchumrus In 2021, over 59 million Americans said they lost money as a result of phone scams, with an average reported loss of $502. “Fraud is a major consideration in the telecom industry,” said Dr. Gadi Solotorevsky, CTO at Amdocs cVidya, an AI solutions provider . “Today, close to 2% or over $1.5 trillion in yearly…
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