To outpace and outsmart the technology criminals use to commit fraud, former bankers Whitney Anderson and Cathy Ross founded, a modern fraud and compliance platform, in 2016. Fraud and cybercrime are also growing at significant rates, and now cost businesses around the world over $6 trillion per year or an average of 5% of their revenues. Fraud, especially, is occurring with greater technical sophistication as society transitions into a digital-first world. With better technology also comes the opportunity for criminals to commit more advanced levels of crime. Startups know firsthand how better technology can improve the quality of life: From AI/ML allowing scientists to better predict patient health outcomes, to cloud computing driving life-saving innovation, and modern apps enhancing accessibility.
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