Just as most experts have been expecting.
Recently, 75% of auto lenders reported that identified fraud increased over the prior 12 months. A fake borrower with a made-up credit history, a real Social Security number and a believable employment profile. Loan given and then no recovery 🫥
And similar is happening in other industries too.
So, for all the companies that are not in a hurry to start using AI, now the question is not only about using something new to grow. It is also about protecting yourself from bad actors.
Observe yourself.
PS - My photo with a surprised face is quite an old one, and no loss was incurred for the same ;)
