IBM to Apply Machine Learning to Combat Fraud by Acquiring IRIS Analytics

         |         |     Share Security Artifacts – The Hunt for Forensic Residue As part of an effort to combat billions of dollars in fraudulent transactions, IBM today announced it has acquired IRIS Analytics, a provider of fraud detection software that makes use of machine-learning algorithms to make it possible to detect fraud in milliseconds. Bob Griffin, general manager for the IBM Safer Planet initiative, says IBM is looking to more broadly apply artificial intelligence to combat fraud in a way that is simpler for IT organizations to consume. Instead of requiring months of upfront consulting work to set up, Griffin says the IRIS Analytics software is designed to increase the amount of fraud transactions detected by as much as 40 percent right out of the box. The machine-learning algorithms over…


Link to Full Article: IBM to Apply Machine Learning to Combat Fraud by Acquiring IRIS Analytics