Fraud Detection
AI algorithms can identify fraudulent activities in real-time by analyzing transaction data and user behavior.
Example 1: PayPal employs AI to monitor transactions for signs of fraud, using machine learning to analyze patterns and flag unusual activities.
Example 2: Mastercard’s Decision Intelligence system uses AI to evaluate the risk of each transaction, reducing false declines and improving fraud detection accuracy.
Application of AI in Cyber Security
Safeguarding our online information is important, making cybersecurity crucial. However, as cyber threats grow more sophisticated, traditional defenses often fall short. This is where the “Application of AI in cybersecurity” becomes vital. By leveraging artificial intelligence, we can enhance our digital defenses, staying ahead of cybercriminals and protecting our valuable online assets.
In this article, we will explore various AI Applications in Cyber Security, Security Challenges and Limitations of AI in Cybersecurity and Future Trends in AI and Cyber Security