It’s no secret that machine learning is essential for any company that wants to stay ahead in the fast-changing world of fraud. Forrester published a report in 2015 entitled “Stop Billions in Fraud Losses with Machine Learning” which found that [“legacy fraud management mechanisms fail in today’s economy”](http://l.forter.com/machine-learning-webinar-forrester) and that machine learning was not only beneficial but necessary. In the time since that report was published the truth of these conclusions has only become more clear.