The Role of AI in Fraud Detection
Fraud in supply chains can lead to financial losses and reputational damage. AI-driven anomaly detection identifies suspicious transactions, preventing fraudulent activities. Machine learning algorithms analyze purchasing patterns and flag inconsistencies. Blockchain technology enhances transparency, reducing counterfeit risks. Automated supplier verification ensures legitimacy in procurement. By integrating AI-powered fraud detection systems, businesses can enhance security, reduce financial risks, and maintain integrity across their supply chain operations.