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How has GenAI actually impacted fraud attacks?
For fraudsters, GenAI’s effectiveness lies in its ability to generate convincing phishing emails, social engineering scripts, and fake identities faster than ever before. Meanwhile, 93% of financial institutions and fintechs believe that AI will revolutionize fraud detection, and 99% of financial organizations say they are already using AI in their fraud controls. In this accelerating game of cat and mouse, financial organizations need an agile, layered defense system to counter the systemic fraud efficiencies brought on by GenAI.
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How to approve more good customers

In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.

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