42.5% of fraud attempts are now AI-driven: Financial Institutions rushing to strengthen defences
London, 8th of October 2024 – As cybercriminals increasingly turn to artificial intelligence to execute complex fraud schemes, the financial sector finds itself in a high-stakes battle to protect its customers and assets. New data from the 2024 report Battle Against AI-Driven Identity Fraud by Signicat reveals that AI-driven fraud now constitutes 42.5% of all detected fraud attempts in the financi