Ep086: Battling Fraud in the Age of Generative AI: Socure's Mission to Secure the Internet

CTO Arun Kumar discusses how Socure leverages AWS and generative AI to collect billions of data points each day in order to combat sophisticated online fraud at scale.Topics Include:Introduction of Arun Kumar, CTO of SocureWhat does Socure specialize in?KYC and anti-money laundering checksMission: eliminate 100% fraud on the internetFraud has increased since COVIDSocure blocks fraud at entry pointWorks with top banks and government agenciesCTO responsibilities include product and engineeringFocus on increasing efficiency through technologyTwo goals: internal efficiency and combating fraudCountering tools like FraudGPT on dark webMeasuring success through reduced human capital needsFraud investigations reduced from hours to minutesImproved success rates in uncovering fraud ringsDetecting multi-hop connections in fraud networksQuestion: Who's winning - fraudsters or AI?It's a constant "cat and mouse game"Creating a fraud "red team" similar to cybersecurityPartnership details with AWSAmazon Bedrock provides multiple LLM optionsBuilding world's largest identity graph with NeptuneReal-time suspicious activity detectionBlocking account takeovers through phone number changesSuccess story: detecting deepfake across 3,000 IDsCollecting hundreds of data points per identityChallenges: adding selfie checks and liveness detectionFuture strategy: 10x-100x performance improvementsCreating second and third-order intelligence signalsInternal efficiency applications of generative AIAI-powered sales tools and legal document reviewParticipants:Arun Kumar – Chief Technical Officer, SocureSee how Amazon Web Services gives you the freedom to migrate, innovate, and scale your software company at https://aws.amazon.com/isv/

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