Saturday, January 20, 2024

How AI has been helping criminals who use deepfakes and voice cloning for financial scams, forcing banks and fintechs to invest in AI to counter fraud (Siddharth Venkataramakrishnan/Financial ...)

Siddharth Venkataramakrishnan / Financial Times:
How AI has been helping criminals who use deepfakes and voice cloning for financial scams, forcing banks and fintechs to invest in AI to counter fraud  —  Voice cloning is just one of the new tools in the tricksters' armoury  —  It was last spring when Paddric Fitzgerald received a telephone call at work.



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CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks (Paige Smith/Bloomberg)

Paige Smith / Bloomberg : CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating ...