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IBM tackles fraud

New York: IBM has introduced new software and consulting services to help organizations use Big Data and Analytics to address the $3.5 trillion lost each year to fraud and financial crimes. IBM says its "Smarter counter fraud" initiative draws on the expertise and innovation from more than 500 fraud consulting experts, 290 fraud-related research patents and $24 billion invested in IBM's Big Data and Analytics software and services capabilities since 2005.

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