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Tag: ai fraud detection

Everyone is talking about AI ‘escaping’, but cyber experts say the real threat is far more serious

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“‘The models are so advanced today that if we talk about another six months or another year, it will be almost inconceivable,’ he said. Traditional cybersecurity is built around responding to vulnerabilities as they emerge: researchers identify a weakness, analyze it and develop defenses. AI development is moving much faster. ‘It is advancing so quickly…

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With AI’s Help, Fraudsters Are Targeting Smaller Banks

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“More than 70% of credit unions and regional and community banks reported an increase in fraud in 2025, according to the Alloy State of Fraud Report, which surveyed institutions of all sizes. That’s a higher percentage than was reported by both big banks and fintechs. It’s also a jump from what smaller institutions reported the previous…

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Asia is ahead of the curve of using AI to fight fraud. Here’s what the rest of the world can learn from it

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“58% of Asia-Pacific banks are focusing their AI investments on fraud detection and anti-money laundering, well above the global average. Asia-Pacific banks face a high-risk landscape where criminal networks use generative AI for identity fraud, phishing and financial scams. As a result, the region prioritizes cybersecurity, forging a sharper, security-focused AI strategy that views fraud…

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Ai Weekly – Fraud Detection – May 11

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Artificial intelligence for good: Using AI to stop fraud and scams in financial services “On Wednesday, May 7 the Center on Regulation and Markets at the Brookings Institution convened a panel of leading experts from Block, JP Morgan Chase, and FinRegLab to discuss the potential for AI as a new weapon to fight fraud and scams.” Read…

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