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How Scammers Use AI in Banking Fraud
AI has empowered fraudsters to sidestep anti-spoofing checks and voice verification, allowing them to produce counterfeit identification and financial documents remarkably quickly. Their methods have become increasingly inventive as generative technology evolves. How can consumers protect themselves, and what can financial institutions do to help? 1. Deepfakes Enhance the Imposter Scam AI enable [...]
