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AI Expanded Fraud


Lee B

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"Generative AI is supercharging financial fraud, and could ultimately make state-of-the-art fraud-prevention measures obsolete, such as voice authentication and even “liveness checks” designed to match a real-time image with the one on record. In 2022, consumers reported losing $8.8 billion to fraud, up more than 40% from 2021, the U.S. Federal Trade Commission reports. "

I expect these things will happen.

It could get really ugly!

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