Artificial intelligence (AI) has rapidly become a transformative force, reshaping the internet and global economy while attracting the attention of fraudsters exploiting its capabilities. Cybercriminals utilize generative AI tools like ChatGPT to execute sophisticated, scalable fraud against individuals and businesses, leveraging AI’s ability to produce flawless text, code, realistic media, and entire websites. To combat this AI-driven fraud, companies must adopt advanced, AI-powered technologies to stay ahead in the digital market.
In our latest Digital Trust Index, Sift Trust and Safety Architects analyze data from FIBR, the Sift Fraud Industry Benchmarking Resources, as well as insights from consumers and fraud & risk professionals to expose how AI is changing the scope of fraud. Explore the following infographic and read the full report to learn how the accuracy and believability of AI-enhanced scams are impacting business and consumers.