U.S. Treasury: Enhanced Fraud Detection Processes, Including Machine Learning AI, Prevented and Recovered Over $4 Billion in Fiscal Year 2024

Reported by The U.S. Department of the Treasury and CoinTelegraph The U.S. Department of the Treasury announced significant progress in combating fraud and improper payments, recovering over $4 billion in fiscal year 2024—an increase from $652.7 million in the previous year. This success is largely attributed to the integration of artificial intelligence (AI) and data-driven […]