IG1325 Impact of Generative AI on Fraud Management v1.0.0
- Maturity level: Alpha
Created By: Business Assurance Project
Generative Artificial Intelligence (GenAI) has emerged as a powerful tool with the potential to transform various industries. However, its rapid advancement also presents new challenges, particularly in the realm of fraud prevention and detection.
This white paper explores the impact of GenAI on fraud, analyzing both the risks it poses and the opportunities it offers. It delves into the applications of GenAI in fraud prevention, the potential for adversarial attacks, the importance of proactive countermeasures to mitigate risks, and ethical considerations and legal frameworks. Additionally, the paper discusses how GenAI can be leveraged to enhance fraud detection and prevention systems, ensuring a robust and secure environment in the face of evolving threats.