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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