With the advent of image processing software like Photoshop or Illustrator, document fraud has become commonplace. Indeed, according to one Allianz Trade study published in 2022, 69 % companies report having suffered proven fraud. However, it is possible to fight against this rise in fraud and in particular with artificial intelligence. AI, through the use of algorithms, monitors your various data and stops fraud attempts against your business. However, how does AI actually detect fraud risks? What are the 3 ways AI is used to detect fake documents? We answer you in this article!
Artificial intelligence and false documents: some reminders
Artificial intelligence is a major solution to fight against documentary fraud. By leveraging incoming data, it allows you to reduce fraud threats before they happen.
If we take the example of the banking sector, according to a survey carried out by Accenture, 48 % of banks around the world have reported increase in online fraud over the last two years.
The fraudsters' method is simple, rather than manually hacking credit or debit cards, they use automated computer programs, called "bots". These programs will then attempt to reproduce a large number of possible combinations in order to guess certain information, notably credit card numbers or security codes. Thanks to these bots, fraudsters make millions of connection or payment attempts in a very short period of time. Companies must therefore constantly strengthen their security measures to counter these attacks.
Through textual analysis, its automation and its ability to adapt, artificial intelligence can detect this type of fraud quickly. It can, for example, monitor user behavior by distinguishing bots from people and differentiating between benevolent and malicious bots. This is what we call behavioral analysis.
Against the detection of false documents: theA and the analysis of the textual structure
For a company, the textual data to be processed is often voluminous: emails, product reviews, invoices, compensation requests, etc. By analyzing the various written materials, thanks to artificial intelligence, the company can quickly realize that a document has been falsified.
In fact, artificial intelligence analyzes several parts of the text, including:
- There structure that is, the layout and consistency of fonts as well as formats. It detects anomalies that would indicate falsification.
- There syntax and the grammar in order to verify that no inconsistencies occur in each document.
- L'semantic analysis in order to understand the general meaning of the text and to verify that the language used is appropriate and that there are no contextual errors.
- There Optical Character Recognition (OCR) allows, if the document is scanned, to check the quality of the scan and the detection of manipulations. This is what the Finovox solution offers you today!
- THE Natural Language Processing (NLP) allows AI to understand text, identify common language patterns to better detect fraud!
AI automation: towards accelerating the detection of false documents
One of the major challenges in the fight against fraud is to deal with increasingly sought-after and sophisticated fraud.
Unlike humans, automated systems can operate continuously, allowing constant monitoring of your incoming documents.
Take the example of the real estate sector. When a client submits supporting documents when purchasing or renting a property, the real estate agency will then verify the documents. In order for the check to take place quickly, the company can automate the process using artificial intelligence. This allows instant checks and ensures a compliance for your customers.
In addition to reducing human errors, artificial intelligence accomplishes tasks often considered tedious, simply and efficiently.
The adaptability and scalability of AI: for better investigation of false documents
Artificial intelligence is a process in perpetual evolution and which demonstrates a real adaptability. Thanks to this, it can process incoming data and block threats in just a few milliseconds. Practical for detecting fraud in your company!
The plus of AI? She improves over time. By communicating data to it, it offers you almost instantaneous solutions.
So, the more you feed your artificial intelligence, the better your results will be!
There reactivity of AI as well as its specific settings also allow it to reduce the number of documents called false positives. As a reminder, a false positive is a document that has been detected as false and which turns out to be true. It can be frowned upon for a company to detect false positives because it calls into question the legitimacy of their customers.
Consider the case of a document fraud detection system used in the financial sector. When you provide it with examples of genuine and fake documents, the artificial intelligence learns to recognize fraud patterns, potential alterations, and issue alerts almost instantly. By continuing to enrich this AI with new examples, it becomes more and more effective in detecting attempts at document fraud. So, the more you feed the AI with relevant data on different forms of document fraud, the better its abilities will be to prevent fraudulent activities in the financial field.
To discover the benefits of AI for a healthcare consulting firm, read our article: Proxicare, interview with Hélène Lathieyre mission director
AI and Finovox experts: a perfect match against your fake documents
In order to stay on top of the latest fraud, Finovox offers a turnkey solution. Its goal ? Make you aware of documentary fraud and protect yourself and your teams from it!
The solution to fight against fraud is not unique! Combining artificial intelligence, human knowledge and anti-fraud detection software ensures better detection of falsifications.
To find out more about ChatGPT and our experts, you will find our dedicated article below 👇
Detect a fake document – Chat GPT VS Finovox experts
And if you would like to find out more about our solution, do not hesitate to request a demo from our experts. They will be happy to provide you with information!
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