Abstract

Abstract: Banks have been providing a better way for people to save and deposit money. With the advent of banks, payment and deposit methods became far more convenient than they were previously, but thefts continued to plague banks, causing millions of dollars in damage. These thefts have harmed the lives of thousands of businesses all over the world. Theft is increasing at a rapid pace as technology advances, but technological concepts such as artificial intelligence and machine learning have assisted businesses and individuals in dealing with these issues. Companies are using artificial intelligence to track down these thefts, from proper customer authentication to multiple level security checks. AI is proving to be a better way to combat these thefts. In this article, we discussed the most common types of theft and how to prevent them using artificial intelligence.

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