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Global financial fraud hits $442bn

Global financial fraud hits $442bn

Published 1 week, 1 day ago
Description

A report out from Interpol states that an estimated $442bn dollars were lost worldwide last year to financial fraud. In its annual report, Interpol said AI-enhanced fraud was now almost five times more profitable than traditional methods, with AI systems able to autonomously plan and execute complete fraud campaigns. Vishala Sri-Pathma finds out more.

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