How we’ll stop scams before they occur.
Humans are startlingly bad at detecting fraud. Even when we’re on the lookout for signs of deception, studies show, our accuracy is hardly better than chance. Technology has opened the door to new and more pervasive forms of fraud: Americans lose an estimated $50 billion a year to con artists around the world, according to the Financial Fraud Research Center at Stanford University. But because computers aren’t subject to the foibles of emotion and what we like to call “intuition,” they can also help protect us. Here’s how leading fraud researchers, neuroscientists, psychiatrists, and computer scientists think technology can be put to work to fight fraud however it occurs—in person, online, or over the phone.
1. Suspicious Story Lines
Spam filters are supposed to block e-mail scams from ever reaching us, but criminals have learned to circumvent them by personalizing their notes with information gleaned from the Internet and by grooming victims over time. In response, a company called ZapFraud is turning to natural-language analytics: Instead of flagging key words, it looks for narrative patterns symptomatic of fraud. For instance, a message could contain a statement of surprise, the mention of a sum of money, and a call to action. “Those are the hallmark expressions of one particular fraud e-mail,” Markus Jakobs son, the company’s founder, told me. “There’s a tremendous number of [spam] e-mails, but a small number of story lines.”
This story is from the March 2016 edition of The Atlantic.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2016 edition of The Atlantic.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
After the Miracle
Cystic fibrosis once guaranteed an early deathbut a medical breakthrough has given many patients a chance to live decades longer than expected. What do they do now?
WILLIAM WHITWORTH 1937-2024
WILLIAM WHITWORTH, the editor of The Atlantic from 1980 to 1999, had a soft voice and an Arkansas accent that decades of living in New York and New England never much eroded.
Christine Blasey Ford Testifies Again
Her new memoir doubles as a modern-day horror story.
Is Theo Von the Next Joe Rogan?
Or is he something else entirely?
Orwell's Escape
Why the author repaired to the remote Isle of Jura to write his masterpiece, 1984
What's So Bad About Asking Where Humans Came From?
Human origin stories have often been used for nefarious purposes. That doesn't mean they are worthless.
Miranda's Last Gift
When our daughter died suddenly, she left us with grief, memories and Ringo.
BEFORE FACEBOOK, THERE WAS Black Planet
An alternative history of the social web
CLASH OF THE PATRIARCHS
A hard-line Russian bishop backed by the political might of the Kremlin could split the Orthodox Church in two.
THE MAN WHO DIED FOR THE LIBERAL ARTS
Chugging through Pacific waters in February 1942, the USS Crescent City was ferrying construction equipment and Navy personnel to Pearl Harbor, dispatched there to assist in repairing the severely damaged naval base after the Japanese attack.