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 Socure
What does Socure specialize in?
KYC and anti-money laundering checks
Mission: eliminate 100% fraud on the internet
Fraud has increased since COVID
Socure blocks fraud at entry point
Works with top banks and government agencies
CTO responsibilities include product and engineering
Focus on increasing efficiency through technology
Two goals: internal efficiency and combating fraud
Countering tools like FraudGPT on dark web
Measuring success through reduced human capital needs
Fraud investigations reduced from hours to minutes
Improved success rates in uncovering fraud rings
Detecting multi-hop connections in fraud networks
Question: Who's winning - fraudsters or AI?
It's a constant "cat and mouse game"
Creating a fraud "red team" similar to cybersecurity
Partnership details with AWS
Amazon Bedrock provides multiple LLM options
Building world's largest identity graph with Neptune
Real-time suspicious activity detection
Blocking account takeovers through phone number changes
Success story: detecting deepfake across 3,000 IDs
Collecting hundreds of data points per identity
Challenges: adding selfie checks and liveness detection
Future strategy: 10x-100x performance improvements
Creating second and third-order intelligence signals
Internal efficiency applications of generative AI
AI-powered sales tools and legal document review

Participants:

Arun Kumar – Chief Technical Officer, Socure

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