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Risk management and fraud news from around the web: February 3 – 7, 2025
Written on Feb 7, 2025
Generative artificial intelligence tools are increasingly being used by swindlers in sophisticated ways to scam financial institutions, a Wall Street watchdog warned, calling the problem an emerging risk.
Here are six key cybersecurity areas finance chiefs should focus on this year.
Half of businesses reported a growth in deepfake and AI-generated fraud, alongside rising biometric spoofs and counterfeit ID fraud attempts, according to the 2025 State of Identity Fraud Report.
The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.