Artificial intelligence is opening doors in ways we never imagined. But it is also opening doors for criminals.Scammers are weaponizing AI to create faster, mor ...
The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...
Users can log in to free apps like Google Gemini or ChatGPT and create realistic-looking, fraudulent documents — such as fake ...
Sophisticated bots are adapting in real time, outpacing traditional banking authentication controls, writes Entersekt's ...
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AI-driven financial fraud prevention
Digitalisation has rapidly changed the face of industry and business. Businesses have increasingly integrated modern technologies into their operations to improve real-time activity. However, ...
Shufti Deepfake Detection Audit on AWS Marketplace helps institutions identify AI-generated or manipulated faces hidden ...
Last year, Deloitte, a financial auditing and consulting firm, reported an instance where a Hong Kong company sent USD 25 million to a fraudster who was using deepfake technology to impersonate the ...
In 2026, business leaders, especially in the finance sector, face an increasingly threatening fraud landscape shaped by generative AI. In fact, Deloitte estimates losses from fraud for US banks is ...
The financial consequences affect nearly everyone: 99% of organizations report fraud losses from AI-enabled attacks in the past year, with an average of $414,000 per organization. One-third of ...
Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase in volume and complexity, banks require intelligent systems that can assess risk with ...
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