Tag: Fraud Prevention

Dunzo, India’s leading hyperlocal delivery service, has partnered with SHIELD, a global risk intelligence company, to strengthen their fraud prevention capabilities. Dunzo is the first quick commerce company in India to use mobile-first risk intelligence to stay one-step ahead of fraudulent activities. This should provide customers with a trustworthy and frictionless experience. With SHIELD’s Device Intelligence technology, Dunzo can identify fake accounts and combat promotional abuse. With the SHIELD Risk Indicators and advanced AI, Dunzo is committed to providing a safe and reliable experience.

At a recent FTC hearing, Commissioner Lina Khan expressed concerns about the potential risks of modern AI technologies such as ChatGPT. The Commission has taken steps to protect consumers from fraudulent practices potentially stemming from the use of such technologies, and launched the Office of Technology to assist with consumer protection. Commissioner Rebecca Slaughter followed Khan's remarks, highlighting the FTC's ability to adapt to new technologies. The company mentioned in this article was Opendoor, and the FTC warned them against deceptive claims related to the sale of homes.

OpenAI's ChatGPT brings revolutionary AI capabilities for cryptocurrency industry. Apart from providing accurate forecast and insights, ChatGPT is also used to optimize smart contracts, detect fraudulent activities and trading scams and reduce the risk of decision making. Developed by Elon Musk's company, OpenAI, this AI-driven chatbot has great potentials in the cryptocurrency sector.

Protect your bottom line from digital fraud with AI-based fraud prevention from Riskified. With automated detection and control mechanisms, allow legitimate orders to pass through with zero false positives. Get insights from industry leaders at the Riskified Fraud Prevention Summit in San Francisco on July 11-12th.