Data Project Aims to Stop Human Trafficking Before It Occurs
Computer giant IBM Corp., financial services company Western Union Co. and European police launched a project Thursday to share financial data that they said may one day be able to predict human trafficking before it occurs. The shared data hub will collect information on money moving around the world and compare it with known ways that traffickers move their illicit gains, highlighting red flags signaling potential trafficking, organizers said. "We will build and aggregate that material, using IBM tools, into an understanding of hot spots and routes and trends," said Neil Giles, a director at global anti-slavery group Stop the Traffik, which is participating in the project. Data collection, digital tools and modern technology are the latest weapons in the fight against human trafficking, estimated to be a $150 billion-a-year global business, according to the International Labor Organization. The U.N. has set a…