February 01, 2024

Fintech Magazine

Is Protecting Against Fraud More Challenging Than Ever?

In this increasingly digital age, cybercriminals are utilising the very latest technological capabilities to target both companies and consumers with astonishingly sophisticated scams, from fraudulent data generation to social engineering and phishing. 

Generative AI (Gen AI) has, inevitably, become a crucial weapon in the modern-day fraudster’s armoury, making it far simpler to create fake identities, clone voices and carry out illicit activities at a faster pace than ever before. 

As one might expect, all this means fraud is growing at a relentless rate. 

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