How is generative AI going to impact fraud? We often hear people suggest that it's going to supercharge synthetic fraud. We don't think so, for reasons our CEO and Co-Founder Naftali Harris explains in this post. But GenAI is going to empower fraudsters in other meaningful ways. Here's what we expect to see, and how we think businesses can combat the use of generative AI in fraud:
Very informative post. Thank you for sharing .
Senior strategy professional
4moGreat read and perspective. The point about GenAI having limited impact on the creation of synthetic IDs in the US due to the construct of these makes total sense, but do you think this is the same in other jurisdictions? We're anecdotally hearing of a significant rise in synthetic ID fraud in Europe for example and many banks are getting nervous.