Commentary: Fraudsters have artificial intelligence too
Soon, personal artificial intelligence agents will streamline and automate processes that range from buying your groceries to selling your home. You’ll tell it what you want, and it will do the research and legwork, log into your personal accounts and execute transactions in milliseconds.
It is a technology with extraordinary potential, but also significant new dangers, including financial fraud. As Gail Ennis, the Social Security Administration’s inspector general, recently wrote: “Criminals will use AI to make fraudulent schemes easier and faster to execute, the deceptions more credible and realistic, and the
