The U.S. Treasury Department warns that AI-powered fraud is overwhelming banks' defenses, making it easier for fraudsters to carry out sophisticated attacks on financial firms. Financial institutions have been using AI for cybersecurity and anti-fraud operations, with GenAI technology both enabling fraudsters and empowering organizations in combating threats. Congress is urged to protect American businesses from foreign influence by strengthening defenses against adversarial uses of AI. The Treasury report highlights significant gaps in AI fraud prevention, indicating larger financial institutions have an advantage over smaller ones in AI-related fraud prevention.
By leveraging advanced machine learning algorithms, AI systems have the ability to analyze email headers, sender information, and content patterns to identify signs of phishing. Read the latest AI in Finance Automation blog: https://t.co/zlIpiyvRS9 https://t.co/RhzXNpMk4o
As AI continues to conquer the private sector, the U.S. Commerce and Treasury Departments release new regulation recommendations, amid concerns of sophisticated phishing or human voice imitation. @mmcassella has the latest. https://t.co/2VqaLnq4Eq
🤖🇺🇸 U.S Treasury Report uncovers 'significant' gaps in AI Fraud Prevention. The report findings suggest larger FIs have an edge over smaller ones in AI-related fraud prevention. https://t.co/37MuZiNIzp
A new @USTreasury report calls out cyber risks to the financial sector fueled by AI. Details via @MattBracken here: https://t.co/qWfzkD9tAR
The future of financial fraud detection evolves with AI. Explore how #AppliedAI transforms fraud prevention in our latest blog, from identifying forged documents to thwarting phishing attempts. Read more: https://t.co/UDYB1kCa1b
AI-powered fraud and cybercrime is on the rise… https://t.co/AEvQhVuesc
Breaking news! This morning, @USTreasury released their report on the current state of AI related cybersecurity and fraud risks in financial services. Treasury's Todd Conklin join’s #TRMTalks to discuss the newly minted report. 🎧 Listen now! https://t.co/SZspbDHChW https://t.co/C1Epqi8dke
As our foreign adversaries capitalize on advancements in AI, Congress must protect American businesses, people, financial markets, and supply chains from foreign influence. That's why I'm leading a bipartisan effort to strengthen our defenses against adversarial uses of AI.
I'm pleased to see @USTreasury acknowledge the potential for financial institutions' adoption of AI technology to improve cybersecurity and anti-fraud functions. Our Bipartisan AI Working Group looks forward to continuing to evaluate current and potential future use cases. https://t.co/GempTr27QW
AI generated fraud coming to a business near you https://t.co/KqLgO9slwV
The same GenAI technology enabling fraudsters also empowers organizations in their fight against these threats, offering a valuable ally to combat and overcome bad players and their disruptive schemes. Read the latest AI in Finance Automation blog: https://t.co/gaxq1GsIrO https://t.co/q8axmZfrkw
Financial institutions have already been using AI systems to support cybersecurity and anti-fraud operations for years. Republicans appreciate @USTreasury’s efforts and assessment of financial institutions use of AI, including these existing use cases.
Artificial intelligence is making it easier for fraudsters to carry out more sophisticated attacks on financial firms, the Treasury Department said https://t.co/diOkq7hMwd
AI-powered fraudsters are overwhelming bank defenses, Treasury report says https://t.co/8JViTvBheK
AI-powered fraud is overwhelming banks’ defenses: Treasury Department https://t.co/TRinjoGOSF
AI masters fraud detection with cutting-edge innovation that leverages AI and machine learning to safeguard businesses against financial threats. Read the latest AI in Finance Automation blog, The CFO's New Frontier: Mastering Fraud Prevention with AI. https://t.co/X9apUJNypD