How TCS is helping to fight financial crime with AI and Microsoft Cloud
CIO
APRIL 17, 2023
As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. Every new portal and mobile app expand the attack surface and give hackers new opportunities to exploit vulnerabilities. The stakes for financial organizations are growing as well. In 2021, U.S. fraud losses amounted to $5.9 billion, a 436% increase over 2017 levels, according to McKinsey.
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