Medical insurance fraud is no small issue. It's like a virus, threatening the health of insurance funds. To keep the system balanced and fair, we must tackle this problem head-on. This means looking at what causes fraud, how it happens, and what results from it. In China, researchers took a hard lo
Online dating has become a big part of many people's lives, but it's also a playground for scammers. Last year, over 64, 000 Americans were tricked into giving away over $1 billion in romance scams. That's double the amount from just four years ago! A 66-year-old woman named Sue was one of these vic
In the wild world of cryptocurrency, a well-known figure named Do Kwon has been making headlines. This 33-year-old South Korean entrepreneur once stood at the helm of a crypto empire with Luna and TerraUSD. But after a disastrous $40 billion crash, he suddenly disappeared. Both the US and South Kore
Healthcare fraud is a massive problem worldwide, sucking up billions of dollars each year. Experts have taken up the challenge using machine learning. They started by cleaning and preparing massive amounts of data for analysis. Next, they experimented with various models, picking the best ones for t
Do Kwon, a young South Korean entrepreneur, recently faced court in the United States. He's the guy behind Terraform Labs, the company that created two cryptocurrencies, TerraUSD and Luna, which lost a staggering $40 billion in 2022. Kwon was extradited from Montenegro to the U. S. this week and ple
In a surprising turn of events, Do Kwon, the co-founder of Terraform Labs, was sent to the US on the last day of 2024. He's been accused of a massive crypto fraud, losing investors billions. The story began in May 2022 when TerraUSD and Luna, the stablecoins from his company, collapsed. This caused
Did you know that sneaky fraudsters and bots might have a tough time hiding online? Researchers have discovered a clever way to stay ahead of them, using what's called graph networks. They found that focusing on the details of network nodes was way more effective than using fancy graph embeddings. T
Web surveys are super convenient, but they're also a magnet for cheaters. People fill them out with fake answers, which messes up the results and makes the data useless for scientists and researchers. The problem is, not everyone talks about how to spot and remove these dishonest responses. Think o
The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against some of the United States’ biggest banks. These include JPMorgan Chase, Bank of America, and Wells Fargo, along with the operator of Zelle—a popular peer-to-peer payment system. The CFPB claims that for the past seven y
Ever sent money using Zelle? You might want to hear this. The Consumer Financial Protection Bureau (CFPB) is suing the three biggest banks in the US. Why? They say these banks aren't doing enough to protect Zelle users from fraud. Zelle is a payment app that banks like JPMorgan, Bank of America, and
