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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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LexisNexis Risk Solutions has released its second annual report on the level and impact of fraud on the U.S. government's Supplemental Nutritional Assistance Program and Integrated Eligibility Systems to inform agencies on the volume, cost and challenges posed by SNAP benefits fraud. In a statement published Tuesday, Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group and a three-time Wash100 awardee, noted an increase in criminal activity against government programs, including the use of artificial intelligence and bots.

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Haywood Talcove, CEO of LexisNexis Risk Solutions‘ Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities, Fox News reported Tuesday. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has […] More
Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has been providing generative AI capabilities to other criminals. More
Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has been providing generative AI capabilities to other criminals. More
Haywood Talcove, CEO of LexisNexis Risk Solutions’ government business, warned that financial cybercrimes exploiting artificial intelligence are not imminent but already taking place, CNBC News reported Wednesday. He noted that a new task force created by the Social Security Administration’s Office of the Inspector General to study AI is lagging behind criminal acts targeting government […] More
Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions, said criminals can take advantage of artificial intelligence algorithms, particularly generative AI, to perform fraud across several sectors and that government agencies should acknowledge the threat posed by AI tools to their organizations and entitlement programs. Talcove wrote in an opinion piece published Monday […] More
Artificial intelligence-driven scams could defraud up to $100 billion from older adults in the next 18 months unless action is taken to educate such victims about the risks of the technology, Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions told MarketWatch. He warned that romance scams, ransomware and fake government agency notifications […] More
Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions, has joined other experts in raising concerns about using artificial intelligence to carry out financial fraud, Yahoo Finance reported. Talcove said the use of AI in financial fraud activities is what finance experts call “crime 3.0,” citing the technology’s ability to evade detection. “The […] More
A new report by the Identity Theft Resource Center and LexisNexis Risk Solutions has found that 63 percent of surveyed government officials said their agencies have gone back to pre-pandemic levels of identity-related benefit fraud. The IDentification in a Post-Pandemic World Report covered responses from 986 government executives, general consumers and self-identified identity crime victims […] More
The evolving sophistication of artificial intelligence-activated deep fake videos signifies how valuable digital identities have become, Haywood Talcove, CEO of LexisNexis Risk Solutions’ government division, told CBS 17 News. He warned that AI deep fakes are increasingly being used by criminals to steal consumers’ financial assets, and could even beat biometric security tools in the […] More
Haywood Talcove, CEO of the government business at LexisNexis Risk Solutions, warned that transnational criminals are using new technological scams to commit financial fraud. He told GOBankingRates in an interview posted Wednesday that the U.S. government lost “hundreds of billions of dollars” to pandemic-related fraud due to accessible personally identifiable information on the dark web […] More
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