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US Treasury: AI Helped Recover and Prevent $4 Billion-Plus in Fraud

October 17, 2024
The U.S. Treasury Department said artificial intelligence (AI) has helped fuel a fraud/improper payments recovery. The department announced Thursday that its “technology and data-driven” approach allowed it to prevent and recover more than $4 billion in fraud and improper payments, up from $652 million during 2023. “This increase reflects dedicated efforts by the Treasury’s Office […]