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‘AI is a critical defense against escalating financial crime’

by Pieter Werner

With financial fraud becoming more sophisticated and widespread, AI expert Akli Adjaoute has released Inside AI, a new book urging business leaders to better understand and adopt artificial intelligence as a critical defense against escalating financial crime.

Adjaoute, who founded the AI-driven fraud detection company Brighterion—now part of MasterCard—draws on over three decades of experience to outline how AI can help identify and prevent fraud in real time. His book aims to provide decision-makers with a practical, accessible guide to the capabilities and limitations of AI, particularly in high-risk sectors such as finance and healthcare.

“AI algorithms can sift through massive datasets of financial transactions to identify suspicious patterns and anomalies that might indicate fraudulent activities,” Adjaoute said. “By leveraging the power of machine learning and predictive analytics, AI-powered systems continuously learn and adapt, enabling businesses and financial institutions to thwart increasingly sophisticated fraud tactics,” Adjaoute said, emphasizing the need for systems that can adapt as criminal tactics evolve. Inside AI explores both the strategic use of AI in combating fraud and the broader ethical and operational challenges of deploying the technology. It includes case studies, implementation lessons, and discussions on bias, accountability, and the boundaries of AI decision-making.

A recent global survey by Gartner found that 85% of CEOs now view cybersecurity as critical to business growth, reflecting growing concerns over the intersection of AI, commercial operations, and geopolitical risk. According to the report, 61% of CEOs expressed concern about cybersecurity threats, identifying them not just as technical risks but as core strategic issues. David Furlonger, Distinguished VP Analyst at Gartner, stated that cybersecurity is increasingly recognized not merely as a safeguard but as a driver of enterprise value. This trend underscores the relevance of Adjaoute’s message: businesses must integrate AI and cybersecurity frameworks not only to defend against fraud, but also to remain competitive in a rapidly evolving digital landscape.

 

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