Is Artificial Intelligence a friend or foe when it comes to fraud? The answer, right now, is both. The battle lines have been drawn, and the pace of innovation is going to determine the ultimate winner.
We are undeniably living in a new era of fraud, driven by deepfake and generative AI technologies, which empower sophisticated synthetic IDs and even the ability to bypass verification systems altogether. AI has begun rapidly replacing more rudimentary fraud methods of decades gone by.
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