Forbes August 22, 2024
Tomer Kagan is the CEO of Merit.
AI has woven itself into our daily lives, from news feeds to corporate slang, embedding itself into all interactions. This technology-driven behavioral change echoes the rise of social media, albeit on a scale we have not seen before.
The stark reality is that AI enables violations and manipulations on a scale we cannot imagine, making even the scandal involving Cambridge Analytica seem insignificant. Already, AI-powered fraud and scams are wreaking havoc across industries.
In 2023, deepfake-related fraud in fintech surged by about 700%, and government agencies have summoned banks to account for their handling of AI-enabled fraud, specifically voice mimicry attacks. Document fraud has become easy with generative AI tools, undermining identity verification...
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