January 31, 2024

Fintech Magazine

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. 

(Read Full Article on pg. 86)

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