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 enabled the largest […]<br /> The post How Scammers Use AI in Banking Fraud appeared first on Unite.AI. [...]
Enterprise security teams are losing ground to AI-enabled attacks — not because defenses are weak, but because the threat model has shifted. As AI agents move into production, attackers are exploiti [...]
Fraud protection is a race against scale. For instance, Mastercard’s network processes roughly 160 billion transactions a year, and experiences surges of 70,000 transactions a second during peak pe [...]
Think you might have met someone “attractive, single and successful” on Facebook or Instagram? You might want to think again, Meta says. Ahead of Valentine’s Day, the company is once again warni [...]
Terraform co-founder Do Kwon has pleaded guilty to two US chargers of fraud after his actions wiped out $40 billion worth of crypto investments, The Guardian reported. Kwon's story is a wild one [...]
Alfred Wahlforss was running out of options. His startup, Listen Labs, needed to hire over 100 engineers, but competing against Mark Zuckerberg's $100 million offers seemed impossible. So he spen [...]
Trevor Milton, the founder of electric truck company Nikola, has received a full and unconditional pardon from President Donald Trump. A jury found Milton guilty of one count of securities fraud and t [...]
Visa is introducing a new security framework designed to solve one of the thorniest problems emerging in artificial intelligence-powered commerce: how retailers can tell the difference between legitim [...]