TruthScan, a deepfake detection software, aims to protect both consumers and enterprises from AI-related fraud attacks.

In today’s rapidly evolving digital landscape, fraud and financial crime have become increasingly complex and create pervasive issues for organizations of all sizes and specialties. As a result, ...

Recent analyses reveal that artificial intelligence, intended as a tool for combating financial fraud, is instead amplifying risks by enabling more advanced scams and eroding trust in financial ...

Explore how AI is transforming risk management in banking, enhancing credit assessments and compliance automation, while ...

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 ...

Forbes contributors publish independent expert analyses and insights. I write about the economics of AI. In early 2024, The Guardian reported that U.K. engineering firm Arup lost $25 million to a ...

A decade-long investigation into a £20m VAT fraud shows how damaging organised crime can be without artificial intelligence, ...

UK Finance noted that when we imagine the future of fraud, it can be quite easy to picture Hollywood-type chaos: sophisticated deepfake heists, so-called AI super-hackers, and trust in digital ...

What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...