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ARTICLE · 24 NOVEMBER 2023

AI-Enabled Fraud: How Worried Should We Be?

Brown Rudnick LLP
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The most interesting event I've attended yet on AI and the law was a panel discussion on AI-enabled fraud – thank you to the London International Investigations...

United KingdomTechnology
Joanna Curtis
Joanna Curtis

The most interesting event I've attended yet on AI and the law was a panel discussion on AI-enabled fraud – thank you to the London International Investigations and Asset Recovery Conference, taking place on 21-23 November 2023.

The panel session focused on the challenge of AI-enabled fraud and what can be done about it. How worried should we be? Pretty worried. But here's what can we do:

  • Fraud prevention:
    • Use verification tools to combat AI-powered circumvention of security and on-boarding protocols. If deep-fakes can fool voice- and facial recognition software, they present a security challenge (e.g. for systems such as telephone banking).
    • Train your people not to be easy targets – fake emails from your CEO can now be fake voicemails, asking you to transfer funds.

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