Fraud attacks hit record high thanks to AI and biometric restrictions


Cyber fraud has reached a brand new peak this yr – as international financial uncertainty takes maintain, synthetic intelligence (AI) improves, and regulatory frameworks weaken the defenses of companies and customers alike.

That is the conclusion printed within the Voice Intelligence & Security Report (opens in new tab) from voice tech specialists Pindrop (opens in new tab). Analyzing 5 billion calls and three million fraud circumstances throughout the largest monetary establishments, the corporate discovered that there’s been a 53% year-on-year enhance in fraudulent exercise in This fall 2022.