UK Regulator Calls for More Efficient Analysis of AI-Provided Data
One of artificial intelligence’s key strengths is its ability to spot anomalies—a functionality that Bank of England Governor Andrew Bailey ...
Tag: AI Fraud
Learn about AI fraud and its growing role in digital payments and financial crime. Discover how fraudsters use artificial intelligence for identity theft, deepfake scams, and payment fraud, and explore how financial institutions deploy AI-driven security solutions to detect and prevent fraud.
Google’s Agentic Commerce Protocol Gets an Array of Backers
Artificial intelligence agents’ ability to shop and purchase products on behalf of consumers is set to advance with the launch ...
How Bad Actors Leverage AI to Build Phishing Sites in Seconds
Security firm Okta discovered that cybercriminals have been exploiting Vercel’s v0 generative artificial intelligence tool to create full-scale phishing websites ...
Merchants Find More Use Cases for AI Amid Risks
Walmart has Sparky; Amazon has Rufus. These AI-powered shopping assistants have begun to take a more prominent place in the ...
AI Can Uncover Novel Fraud, Even in Real-Time Payments
One of the main apprehensions with faster payments is the potential for faster fraud, but artificial intelligence could help mitigate ...
AI Is Making an Impact in the Fight Against Fraud
Despite concerns about bad actors using artificial intelligence to perpetrate fraud, there are encouraging signs that AI is helping organizations ...
How AI Agents Can Perform Autonomous Phishing Attacks
Phishing is already a favored technique among criminals, and a demonstration by Symantec showcased how AI agents can supercharge these ...
New ChatGPT Model Can Be Exploited for Voice Scams
The newest version of OpenAI’s popular chatbot, ChatGPT, can be used to perform financial scams with a low to moderate ...
AI-Powered Scams Cost U.S. Consumers Millions
The number of scams that utilized artificial intelligence doubled in the past year, costing Americans more than $108 million. According ...
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