AI threatens to add to the growing wave of fraud but is also helping tackle it
- Written by Laurence Jones, Lecturer in Finance, Bangor University
The government, banks and other financial organisations are now dealing with fraud by using increasingly sophisticated detection methods.Maksim Shmeljov/ShutterstockThere were 4.5 million reported incidents of fraud in the UK in 2021/22, up 25% on the year before. It is a growing problem which costs billions of pounds every year.
The COVID...







