8 in 10 Financial Firms Investing in Security to Protect Them From Emerging AI Fraud Threats
The Fintech Times
JANUARY 17, 2024
Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware. Disputing a payment that they later realized was legitimate (12 per cent). One in four consumers (23 per cent) report being the victim of fraud in the last three years, with millennials (age 27-42) the hardest hit at 31 per cent.
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