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Gen AI has permanently altered the fraud landscape
The New Indian Express Chennai
|March 21, 2025
As Gen AI gained traction, so did social engineering scams.
In some cases, consumers voluntarily handed over payment data as Gen AI enables scams by providing real-time conversation in dozens of languages.
Social engineering scams are transforming the fraud landscape, says a new report by global data and tech company Experian. Nearly 74% of respondents in Experian's survey believe the biggest fraud threat is social engineering scams. Fraudsters now have technology at their fingertips. Sixty-nine percent of the survey's respondents agree public access to Gen AI is increasing fraud threat.
This story is from the March 21, 2025 edition of The New Indian Express Chennai.
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