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Home » Gen AI-related fraud growing threat to financial services

Gen AI-related fraud growing threat to financial services

Auto fraud exposure expected to reach $8.5B in 2025

James Van BramerbyJames Van Bramer
February 25, 2025
in Best Practices, Risk Management
Reading Time: 3 mins read
0
A Businessman Has A Virtual Graphic Of Chatgpt In His Hand. Chatbot, Chat With Ai, Artificial

© Can Stock Photo / OleCNX

Generative AI-driven fraud is an escalating threat to the financial services industry, with increasingly sophisticated tactics being employed.  Losses tied to gen AI are projected to reach $40 billion by 2027, up from $12.3 billion in 2023 — a 32% compound annual growth rate — according to the Deloitte Center for Financial Services.   The […]

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