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AI fraud has changed the fraud threat landscape. While modern fraud targets everyone, small and medium companies are affected the most.
In this report, experts from Socure, Accenture, IBM and other companies talk about the current fraud landscape, how criminals use AI, who is being targeted and what anti-fraud tech and strategies are the most effective for businesses of all sizes.
AI Fraud Surges by 800% and Impacts 7.4 out of 10 Businesses
Socure’s report found that AI-based fraud attacks surged more than 8,000% across all industries and companies of all sizes. AI is allowing fraudsters to scale their operations to never-seen-before levels. One fraud ring tracked by Socure executed 38,241 transactions across 465 organizations in 30 industries within a single 90-day window.
