2 posts tagged with "Fraud"

The unsettling part of this moment in fraud is not that banks finally have powerful AI to defend themselves. It is that the people attacking them have the exact same tools. I have watched the threat change shape over the past couple of years, and what stands out most is the asymmetry. AI helps the defender, but it helps the attacker at least as much, and in some ways more.

The more I learn about fraud, the more I realize how much of banking is shaped by the people trying to exploit it. Fraud isn't a side problem. It influences how accounts are opened, how transactions are monitored, how clients are verified, and how much friction everyone tolerates along the way.