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US Treasury Says AI Tools Prevented $1 Billion of Fraud in 2024

The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.

Government Executive · 1d

AI tools helped Treasury recover billions in fraud and improper payments

Risk screening, check fraud detection and more have helped the government recover more than $4 billion, Treasury announced.

Cryptopolitan on MSN · 1d

AI use led the US Treasury to recover $4bn that would otherwise be lost to fraud

Artificial Intelligence (AI) has reportedly helped the US Treasury in fraud prevention. The government arm said that its enhanced detection program used AI to save and recover over $4 billion in FY24.

3d

AI helped the feds catch $1 billion of fraud in one year. And it’s just getting started

Machine learning AI helped the US Treasury Department to sift through massive amounts of data and recover $1 billion worth of ...

3don MSN

Treasury Department now using AI to save taxpayers billions

The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.

2d

US Treasury Is Using AI To Fight Fraud With A Massive Savings Of Over $4B

Expediting the identification of Treasury check fraud with machine learning AI resulting in $1 billion in recovery.

PCMag on MSN3d

US Treasury Taps AI to Catch Criminals Stealing $4 Billion of Your Taxes

The feds accelerate fraud detection with machine learning, catching up to similar techniques already in use by leading banks and credit cards.

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