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Gen AI has permanently altered the fraud landscape
The New Indian Express Tiruchy
|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.
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