Fighting AI with AI, finance firms prevented $5 million in fraud - but at what cost?

ZDNet - Artificial Intelligence

Jul 17, 2025 18:06

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Summary

Finance firms have used AI tools to prevent $5 million in fraud, countering increasingly sophisticated scams enabled by AI itself. While this demonstrates AI's potential to bolster security, it also raises concerns about the escalating arms race between fraudsters and defenders, highlighting the need for ongoing innovation and ethical considerations in AI deployment.

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