Contemporary Dialogue

Abstract

Nowadays, online shopping and digital payments are very common, but this has also led to more fraud. This research paper looks at how artificial intelligence (AI) can help find and prevent fraud. It discusses how effective AI is, the methods used, and the problems it faces. The paper covers different AI techniques, like machine learning and detecting abnormal behaviour, and how they are used in different industries. It also talks about the ethical issues and future developments in fraud detection. AI has changed many fields, including fraud detection, by helping to identify and prevent fraud, which reduces money loss and increases safety. This article reviews how AI is currently used in fraud detection, its advantages, challenges, and what might happen next.