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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