Deepfakes Driving New Era of Financial Crime

The video discusses how scammers are leveraging AI to enhance their fraudulent activities, such as cloning voices and creating fake investment documents. Banks are investing heavily in AI to detect and prevent fraud, with costs expected to rise significantly by 2025. The video also highlights the evolving landscape of fraud prevention, with banks advocating for tech companies to share the responsibility and costs associated with combating scams.

What role do tech companies play in the issue of online scams?

How are new regulations in the UK affecting tech companies regarding fake ads?