Fighting fraud in age of AI is more complicated!

SCWorld.com reported that “The latest fraud figures are sobering: U.S. consumers reported more than $12.5 billion in fraud losses in 2024, a 25% jump from the previous year, according to the FTC. Businesses are feeling the effects too, with nearly 60% reporting higher fraud losses year over year, according to new Experian research.”  The October 16, 2025 article entitled " How to fight fraud in the age of AI” (https://tinyurl.com/2st2zetc) included these comments:

As fraudsters scale their operations with generative and Agentic AI, security professionals must now identify threats and also anticipate them and respond to them in real-time. Critical gaps still exist between what security teams know they need to combat AI-driven threats, what leadership will invest in, and what consumers are ready to trust. Here’s how organizations can bridge the gap.

AI has fueled a surge in synthetic fraud, deepfake scams, and AI-powered social engineering. These formerly complex tactics have become mainstream.

Consumers are even more conflicted: only 18% of consumers say they fully trust chatbots, and less than 1 in 4 people say they use them. This gap poses a significant barrier to combating AI-powered fraud, undermining both internal adoption of AI-powered security tools within organizations and the willingness of users to engage.

We now have a new arms race: AI vs. AI. However, both businesses and consumers need to adopt AI more quickly than some are comfortable.

What do you think?