Cyber risk-related fraud in financial services is increasing in frequency, sophistication and type of attack at an alarming rate, in part due to the increasing usage of artificial intelligence by bad actors.. By 2025, some experts predict that the costs from global cybercrime could reach $10.5 trillion annually.The good news: AI is being used by banks and financial institutions to fight fraud. The panel outlines a modern-day playbook for using AI to reduce fraud across channels.
