IBM has introduced new software and services to assist organizations in using big data analytics to address and protect against the $3.5 trillion lost each year to fraud and financial crimes.

As part of these offerings, IBM launched its “smarter counter fraud” initiative, based on the expertise and innovation of more than 500 fraud consulting experts, 290 fraud-related research patents and the $24 billion invested in IBM’s big data and analytics software and services since 2005.

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