Generative AI can create efficiencies that will increase productivity, improve internal operations and enhance creativity. Yet, the evolution of large language models and the use of generative AI can open doors for fraudsters.
Relying on outdated fraud prevention and identification measures will no longer cut it, and businesses that don’t adapt will lag. As people continue to work, collaborate and socialize via their mobile devices, businesses must equip themselves with technology and tools that will prioritize fraud prevention. If not, companies risk losing their customers to those who have invested in more robust solutions.