As attractive as innovative new technologies appear, it’s important to remember they are just tools. And any tool, when in the wrong hands, can also be used for the wrong purposes. “Newer technologies are enabling fraudsters to have a lot more scale and automation when...
Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal attacks. And insiders have repeatedly told PYMNTS that AI could supercharge the capabilities of bad actors by providing turnkey and scalable cybertools, including...
September 26, 2023
As attractive as innovative new technologies appear, it’s important to remember they are just tools. And any tool, when in the wrong hands, can also be used for the wrong purposes. “Newer technologies are enabling fraudsters to have a lot more scale and automation when committing fraud, making smart defense critical,” Erika Dietrich, VP, Global Fraud […]
August 23, 2023
Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal attacks. And insiders have repeatedly told PYMNTS...
