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AI fraud may be too much for some financial companies, warns Treasury Dept
Biometric Update www.biometricupdate.com
The risks of generative artificial intelligence are looming over the financial services industry.
As access to more advanced AI tools becomes available, some financial institutions are worried that their risk management frameworks may not be enough to defend against the wave of deepfakes, the U.S. Department of Treasury says in a new report.
The report, published on Wednesday, surveys the state of AI use or cybersecurity in the financial sector based on 42 interviews with industry stakeholders. The report …
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