Ian A. Stewart

Ian Stewart (Partner-Los Angeles) is quoted in the article “Organizations Across Multiple Industries Turn to AI To Root Out Fraud,” published by CLM Alliance on March 5, 2024. The article examines the results of the 2024 Anti-Fraud Technology Benchmarking Report by the Association of Certified Fraud Examiners and SAS, indicating the rapidly growing number of industries across many areas employing elements of AI technology and machine learning to combat fraud and mitigate losses. Ian notes, “Even the most skilled fraud professionals now lack the ability to adequately analyze these growing data sets for warning signs of fraud without some form of machine assistance...These new AI-driven data analytics tools will help fraud professionals mitigate losses from fraudulent disbursements, expenses, financial theft, money laundering and data privacy/cybersecurity risks.” Ian posits, “Although it is doubtful that machines will ever fully replace human judgment or the subjective due diligence needed for effective anti-fraud analysis, anti-fraud programs without machine assistance are largely a thing of the past.”