Fraud and Emerging Tech: Generative AI

The growing popularity and ease of use of generative artificial intelligence (genAI) have encouraged organizations and individuals to explore how this technology can enhance business operations and day-to-day job activities. One area where genAI could potentially have significant impact is fraud risk mitigation. This article, part of an emerging technology series from the Anti-Fraud Collaboration, explores what genAI is and how the technology may be used to enhance the prevention or detection of fraud and monitor activities that may be indicative of fraud.