AI amplifying fraud at ‘staggering’ rate, security watchers warn

“We’ve never seen such an increase in fraud as we’ve seen recently. It is not a linear curve, it is accelerating and accelerating. The threat actors, the people who don’t have any values in life and are willing to abuse the elderly, people in need, they are doing it faster, more convincingly and at scale,” warned André Boucher, chief technology officer at National Bank.