WeDo Technologies Blog AI’s Role in Combating Next-Generation Fraud

Fraud is a pervasive problem for Communication Service Providers (CSPs). When CSPs worldwide collectively lose $29 billion due to telecom fraud, they cannot afford to ignore potential solutions. AI and analytics hold tremendous potential: Gartner recently estimated that new implementations of Machine learning (ML) in fraud management have the potential to save CSPs millions of dollars, reducing fraud losses by as much as 10 percent by 2022.