Resistant AI Awarded ‘Digital Crime Fighter of the Year’ for Winning Inaugural Hackathon at ACAMS Hollywood
Summary
Resistant AI, a company dedicated to protecting and safeguarding automated financial services, was awarded ‘Digital Crime Fighter of the Year,’ for winning the inaugural hackathon challenge at the recent ACAMS Hollywood conference in Florida last week. The Resistant AI solution won by quickly assessing data and uncovering anomalous patterns to detect behaviors indicative of human trafficking offences. While its almost impossible to measure the scope and scale of human trafficking, according to the International Labour Organisation (ILO), there are over 40 million victims of modern slavery worldwide. “Each group demonstrated multiple unique approaches and attacks -- each of them focused on how, through purpose and innovation, they quickly identified some or all elements of our hidden human trafficking data.” “Resistant AI analyzes the hidden relationships between identities and transactions to draw a better decision boundary between legitimate and criminal activities,” said Martin Rehak, CEO of Resistant AI. The volumes of alerts and false positive rates of traditional systems also make it extremely difficult for investigators to identify true risk amid the noise.