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Narayan C. Debnath

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Artificial Intelligence for Risk Mitigation in the Financial Industry

Artificial Intelligence for Risk Mitigation in the Financial Industry This book extensively explores the implementation of AI in the risk mitigation process and provides information for auditing, banking, and financial sectors on how to reduce risk and enhance effective reliability. The applications of the financial industry incorporate vast volumes of structured and unstructured data to gain insight into the financial and non-financial performance of companies. As a result of exponentially increasing data, auditors and management professionals need to enhance processing capabilities while maintaining the effectiveness and reliability of the risk mitigation process. The risk mitigation and audit procedures are processes involving the progression of activities to “transform inputs into output.” As AI systems continue to grow mainstream, it is difficult to imagine an aspect of risk mitigation in the financial industry that will not require AI-related assurance or AI-assisted advisory services. AI can be used as a strong tool in many ways, like the prevention of fraud, money laundering, and cybercrime, detection of risks and probability of NPAs at early stages, sound lending, etc. Audience This is an introductory book that provides insights into the advantages of risk mitigation by the adoption of AI in the financial industry. The subject is not only restricted to individuals like researchers, auditors, and management professionals, but also includes decision-making authorities like the government. This book is a valuable guide to the utilization of AI for risk mitigation and will serve as an important standalone reference for years to come.

Security and Privacy Issues in IoT Devices and Sensor Networks

Security and Privacy Issues in IoT Devices and Sensor Networks investigates security breach issues in IoT and sensor networks, exploring various solutions. The book follows a two-fold approach, first focusing on the fundamentals and theory surrounding sensor networks and IoT security. It then explores practical solutions that can be implemented to develop security for these elements, providing case studies to enhance understanding. Machine learning techniques are covered, as well as other security paradigms, such as cloud security and cryptocurrency technologies. The book highlights how these techniques can be applied to identify attacks and vulnerabilities, preserve privacy, and enhance data security. This in-depth reference is ideal for industry professionals dealing with WSN and IoT systems who want to enhance the security of these systems. Additionally, researchers, material developers and technology specialists dealing with the multifarious aspects of data privacy and security enhancement will benefit from the book's comprehensive information. Provides insights into the latest research trends and theory in the field of sensor networks and IoT security Presents machine learning-based solutions for data security enhancement Discusses the challenges to implement various security techniques Informs on how analytics can be used in security and privacy