Fraud in the Age of Artificial Intelligence: Innovation, Exploitation, and the Future of Financial Risk

Fraud in the Age of Artificial Intelligence: Innovation, Exploitation, and the Future of Financial Risk

In the rapidly digitizing global economy, fraud has emerged not merely as a persistent nuisance but as a transformative and persistently international risk. The convergence of digital payments, mobile banking, and artificial intelligence has enabled new efficiencies for consumers and businesses alike, but it has also created fertile ground for exploitation. In 2024, global losses…

Jason Costain

Jason Costain

Jason Costain is a fraud trouble-shooter and the founder of Javloc.com, a boutique fraud consultancy that provides specialist fraud advice. Jason has spent 30 years fighting fraud; building and leading successful banking fraud defence teams for some of the world’s biggest banks. Jason specialises in fraud defence systems, scam prevention, biometric authentication, big data and…

Frank Breedijk

Frank Breedijk

Frank Breedijk is the Chief Information Security Officer (CISO) at Schuberg Philis. In this role he has three objectives, (1) making Schuberg Philis more secure, (2) making our customers more secure, and (3) developing Schuberg Philis’ security business. Building relationships with both C-level and deep technical staff is one of his key instruments. In addition,…

Episode 217: The Risks and Opportunities of AI with Frank Breedijk

Coordinated and Produced by Elisa Garbil Today we discuss the risks and opportunities of AI with Frank Breedijk. Dominic and Frank discuss the biases of AI, whether AI will pose an imminent threat to jobs or not, whether AI usage can be ethical or not, environmental consequences of AI, the rise of scams with AI usage, and…

AI

The Risks of Artificial Intelligence: Key Threats and Concerns

Written by Elisa Garbil – 24.03.2025 Artificial Intelligence (AI) is a transformative technology that has already begun to reshape industries, economies, and even the way we live our daily lives. From helping businesses automate tedious tasks to enabling advanced medical diagnostics, AI promises numerous benefits. However, as with any powerful technology, its growth and widespread…