This post was originally published on The FinTech Times
Artificial Intelligence (AI) is a double-edged sword, driving both efficiency and sophisticated fraud. While AI boosts productivity, its use by bad actors to create scaled, multi-layered fraudulent communications and websites poses an escalating threat. The digitization of B2B transactions has created new vulnerabilities, meaning businesses must immediately strengthen their defenses to combat this automated, rapidly evolving fraud landscape.
The AI conversation shouldn’t stop at benefits. In this article by Brandon Spear, CEO of TreviPay, he urges businesses to also address the risk of increased fraud and cyberattacks
Brandon Spear, CEO of TreviPay
In our work and personal lives, we’re grappling with what Artificial Intelligence (AI) can, and cannot, do for us. Most discussions focus on how AI might boost our day-to-day productivity. But we also need to address how it’s becoming a powerful tool for fraudsters and those intent on deception.
This reality, and the scale of the issue, underscores the need for businesses to strengthen their defenses. Fraudsters, for example, are creating websites that appear legitimate but contain hidden “junk” beyond the initial layers—a tactic known as website spoofing. With AI, these sites are becoming more sophisticated, spanning multiple layers of
— Read the rest of this post, which was originally published on The FinTech Times.
