In the U.S., credit card fraud costs $5 billion annually, identity theft adds $16.4 billion, and Medicare fraud drains $60 billion each year. A new machine learning breakthrough generates accurate ...

Medicare fraud costs $60 billion each year, and government losses range from $233 billion to $521 billion annually, with improper payments totaling $2.7 trillion since 2003. Machine learning plays a ...

The obtained results show, first, that the capacity to detect accounting fraud increases substantially by using the machine learning-based model. Second, a similar improvement in predictive power is ...