The U.S. Treasury Department recovered $4 billion in fraud cases last year using artificial intelligence
ChainCatcher news, according to Cointelegraph, the U.S. Department of the Treasury stated on October 17 that it has recovered $4 billion in "fraud and improper payments" in fiscal year 2024 by using artificial intelligence to sift through data. By adopting artificial intelligence, the amount of fraud recovered by the Treasury has increased nearly fourfold compared to the previous fiscal year, which recovered $652.7 million in fraudulent payments.
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