Issued by AICPA Forensic Accounting Technology & Analytics (FATA) Task Force
News
Machine Learning for Anomaly Detection – Insights and Risks
Sep 20, 2024 · 3 min read
AICPA MEMBER
ACCESS
FATA News Alert
Contributing Authors: Brian Koechner CPA, CFE, ABV, CAMS; Marie Monet, CPA, CITP, CGMA
In the News: Machine Learning for Anomaly Detection – Insights and Risks from AI Deployments in Banking and Beyond
Background:
Machine learning (ML) is increasingly utilized for anomaly detection in various sectors, such as finance, healthcare, cybersecurity, and lending. However, as illustrated by Thor Olavsrud in his CIO article "10 Famous AI Disasters,"¹
Reserved for AICPA® & CIMA® Members
Already a member of the AICPA or CIMA?
Log in with your account
Not a member of the AICPA or CIMA?
To gain access to exclusive content, your first step is to join the AICPA or CIMA.