Fraudsters use AI to deceive and harm people and organizations, accessing sensitive data and stealing funds. Some examples of AI fraud include manipulating AI algorithms and models to create false identities, generate false information, create phishing emails, carry out fraudulent transactions, etc. Financial institutions are always looking for new ways to protect customers. Artificial intelligence is a technology that could help stop fraud. In theory, financial fraud should be easy to detect.
Most fraud attempts involve unusual transactions compared to regular account activity...
