💨 Abstract

Artificial Intelligence (AI) has increased fraud activities in India, with 52% of companies reporting an increase in losses from fraud attacks over the past year, according to Experian's report. The report suggests that fraudsters have become highly organized syndicates due to AI, and the "industrialization of fraud" is a growing concern. Businesses are finding it difficult to detect AI-driven fraud and are struggling to assess its impact on losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖