January 1, 2025

Hive Forensics AI Announces Successful Beta Test of Fraud Buster 2024 and Reveals Exciting New Plans for 2025

January 1, 2025 – Hive Forensics AI, a leader in AI-driven fraud prevention solutions, proudly announces the triumphant completion of the beta testing phase for Fraud Buster 2024. This milestone solidifies our position at the forefront of fraud detection technology, empowering businesses with cutting-edge tools to combat online fraud.

As we usher in 2025, Hive Forensics AI extends warm wishes for a prosperous New Year and invites businesses to join us in building a more secure future. Interested businesses can sign up at www.fraudbusterai.com and take the first step in transforming their fraud prevention strategies.

Achievements of Fraud Buster 2024

Fraud Buster 2024 has exceeded expectations, delivering remarkable results during its beta testing phase. Designed to tackle the growing sophistication of fraud tactics in online transactions, Fraud Buster 2024 combines artificial intelligence, machine learning, and behavioral analytics to create a comprehensive fraud prevention system.

Key highlights from the beta test include:

• 80% Fraud Prevention Rate: Fraud Buster successfully blocked over 80% of fraud attempts in real time.
• 85% Chargeback Reduction: Participating businesses saw an 85% decrease in chargebacks, saving thousands in fees and penalties.
• $750,000 in Revenue Recovered: Businesses recaptured lost revenue by proactively identifying and mitigating fraudulent activities before they could escalate.
• Scalable API Integration: With seamless integration into existing systems, Fraud Buster provided businesses with actionable insights without disrupting operations.

"We are incredibly proud of the results achieved during the beta phase," said Viktoria Croft, Head of Marketing at Hive Forensics AI. "Fraud Buster 2024 has not only proven its ability to prevent fraud effectively but has also set a new standard for intelligent fraud mitigation solutions."

The success of Fraud Buster 2024 highlights the urgent need for adaptive fraud prevention technologies, especially as fraud tactics become more sophisticated.

Introducing Fraud Buster Brick and Mortar

While Fraud Buster 2024 has revolutionized fraud prevention for online transactions, Hive Forensics AI recognizes that fraud extends beyond digital spaces. In response to this growing need, we are excited to announce the development of Fraud Buster Brick and Mortar, a localized fraud detection system tailored specifically for physical retail environments.

What Is Fraud Buster Brick and Mortar? Fraud Buster Brick and Mortar is designed to protect physical businesses by offering:

• In-Store Fraud Detection: Identifying suspicious activities such as counterfeit transactions and identity theft.
• Point-of-Sale Security: Analyzing transaction patterns in real time to prevent fraudulent payments.
• Behavioral Monitoring: Using AI-powered monitoring to detect unusual behaviors among customers and employees.
• Offline Compatibility: Ensuring fraud detection works even in environments with limited internet access.

"Expanding into physical retail fraud prevention is a natural next step," said Viktoria Croft. "Local businesses face unique challenges, and Fraud Buster Brick and Mortar will deliver the same reliability and intelligence as our online systems—now adapted for in-person transactions."

Future Roadmap and Vision for 2025

As Hive Forensics AI looks to 2025 and beyond, our focus remains on innovation, growth, and collaboration. Our roadmap includes several strategic initiatives:

• Enhanced AI Algorithms
• Expansion into Global Markets
• Educational Outreach Programs
• Collaborative Partnerships
• Fraud Buster API Enhancements
• Brick-and-Mortar Expansion

"Fraud prevention is no longer optional—it's a necessity," added Croft. "Our roadmap ensures that Hive Forensics AI remains at the cutting edge, delivering solutions that are both proactive and scalable."

Why Fraud Prevention Matters Now More Than Ever

The global fraud landscape continues to evolve rapidly, with losses projected to exceed $400 billion annually by 2026. Businesses face increased pressure to safeguard sensitive customer data while maintaining seamless user experiences.

Fraud Buster 2024 has already proven its effectiveness in balancing security and usability, and the development of Fraud Buster Brick and Mortar marks a major step toward closing the security gap for physical businesses.

"Fraudsters are becoming smarter, but so are we," said Croft. "By combining AI-driven intelligence with localized protection, we’re building a world where businesses can thrive without fear of fraud."

Join Us in the Fight Against Fraud

Hive Forensics AI invites businesses of all sizes to partner with us in creating a safer, fraud-free environment. Whether you operate an online store, a local business, or a hybrid model, Fraud Buster is the trusted solution you need.

To learn more about Fraud Buster 2024 and sign up for early access to Fraud Buster Brick and Mortar, visit: www.fraudbusterai.com.

About Hive Forensics AI

Hive Forensics AI is a pioneering provider of fraud detection solutions, dedicated to empowering businesses with AI-driven strategies to combat fraudulent activities. From online transactions to in-store purchases, our mission is to deliver innovative tools that enhance security, protect revenue, and ensure peace of mind.

Our team of experts combines deep industry knowledge with cutting-edge technology, enabling businesses to stay ahead of fraud trends and secure their future.

For Media Inquiries, Please Contact:

Viktoria Croft

Head of Marketing

Hive Forensics AI

Email: viktoria.croft@hiveforensicsai.com

Website: www.fraudbusterai.com