Is protecting against fraud more challenging than ever?
The Emergence of Generative AI Means Fraudsters Are Creating Fake Identities, Cloning Voices and Carrying out Illicit Activities at a Faster Pace Than Ever. In 2022, the Association of Certified Fraud Examiners (ACFE) discovered around 5% of corporate revenue is being lost to fraud across the globe every year. That equates to an eye-watering US$4.7tn.
Needless to say, the fraud landscape is changing at an alarming rate.
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