Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead of these evolving threats. One crucial strategy involves harnessing advanced AI technologies, such as anomaly detection systems, to outsmart the very algorithms driving fraudulent activities. In essence, they should fight AI-powered fraud with more AI. What can AI-powered … More
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