November 7, 2024

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AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals Report

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AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals Report
AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals ReportA new report by Signicat, the European digital identity and fraud prevention solutions provider, reveals that artificial intelligence (AI) is used in over a third of fraud attempts targeting financial institutions, with one in fifteen fraud attempts now using deepfakes. The study, titled “The Battle against AI-driven Identity Fraud,” found that 42.5% of detected fraud […]