Most consumers believe AI will increase the risk of financial fraud

Americans are worried about an increase in financial fraud, which they say will be exacerbated by the rise of AI.

This article is available for reading in Trade magazin 2024/10

According to a new survey by Abrigo (a provider of financial fraud prevention solutions), 90% of Americans are concerned about the rise in fraud, with 51% “extremely concerned” and 39% “somewhat concerned”. Seven in ten fear that advances in AI will increase the number of attempts to commit financial fraud, and 74% believe that AI will also make these attempts more successful. //