IBM Combats $3.5 Trillion in Fraud Losses with Broad-ranging Initiative

Digital channels such as mobile devices, social networks and cloud platforms offer the perfect connected footprint for bad actors probing for weaknesses and vulnerabilities to carry out everything from tax evasion, money laundering and cyber-attacks to threats from inside the organization. So, looking to take on the scammers and the grifters, IBM has announced a new initiative to use Big Data and analytics to address the $3.5 trillion lost each year to fraud and financial crimes.