Abstract : Financial fraud is very important concern is now a day as the population is involving in online or digital mode of payment methods. The financial fraud reported in 2022 survey reported that around 42% Indians had their experiences in past few years and in many cases around 74?ter making complaint they have not returned back their money. The financial frauds are possible with mobile phones, online transaction, money laundering etc. The chapter is an attempt to explore various types of financial frauds and its effects on the individuals as well as organization.
Cite : Singh, N., Afroz, Z., Sharma, R., & Khan, A. (2023). Financial Fraud and its Prevention by Artificial Intelligence Techniques (1st ed., pp. 155-160). Noble Science Press. https://doi.org/10.52458/9789388996969.nsp2023.eb.ch-18
References :
Bao, Y., Hilary, G., & Ke, B. (2022). Artificial intelligence and fraud detection. Innovative Technology at the Interface of Finance and Operations: Volume I, 223-247.
Choi, D., & Lee, K. (2018). An artificial intelligence approach to financial fraud detection under IoT environment: A survey and implementation. Security and Communication Networks, 2018.
Cross, C. (2022). Using artificial intelligence (AI) and deepfakes to deceive victims: the need to rethink current romance fraud prevention messaging. Crime Prevention and Community Safety, 24(1), 30-41.
Sood, P., Sharma, C., Nijjer, S., & Sakhuja, S. (2023). Review the role of artificial intelligence in detecting and preventing financial fraud using natural language processing. International Journal of System Assurance Engineering and Management, 1-16.
