FIs need to educate consumers about AI-supported fraud
Older consumers are more vulnerable to fraud, but younger consumers engage in riskier behavior
AI can remove tell-tale signs of imposter scams such as poor grammar and typos, making education for consumers more important than ever. “A criminal can now create a convincing voice, video, photograph, text message, advertisement or online persona with little technical skill and at very low cost,” Paul Benda, executive vice president for risk, fraud […]
