Why Semi-Supervised ML algorithms work well to prevent identity theft: Lydia Miller
By Ria Singh | Monday, 10 May 2021, 12:20 Hrs
Identity fraud is a growing problem in today’s world where more and more services are fast going digital. From shopping to social interactions to medical and health services and even banking, are all digital!
According to the Identity Fraud Study by Javelin in 2018, a record 16.7 million adults in the US have experienced identity fraud. The study states that there has been a large number of fraudulent transactions, data breaches, and a high amount of identity theft.
This is where the digital identity has a key role to play as personal identity becomes tougher to verify in cyberspace. This is mainly because of the lack of trusted standards and face-face interactions and the high amount of identity frauds taking place in the digital sphere.