New data shows that artificial intelligence has aided the U.S. Department of Treasury in analyzing data and recovering $1 billion worth of check fraud in the fiscal period of 2024. This is almost three times what the department has recovered in the 2023 fiscal year.

In a phone interview, a top official at the Treasury, Renata Miskell, noted that using artificial intelligence had been transformative. Miskell added that this had improved the department’s fraud prevention and detection game. The department also credited the tech with assisting officials in recovering and…

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