How Machine Learning Fights “Hypnofraud”

Financial fraudsters are now becoming more brazen and manipulative, a disturbing trait most apparent in their perpetration of social engineering fraud (SEF). At our recent FICO EMEA Fraud Forum, SEF came up as a pressing issue in today’s UK financial market; it’s a broad category of chicanery that fraudsters use to manipulate victims into disclosing confidential financial details such as login credential, or having the true account holder transferring money directly to them, a scam...