AI in 2024: More business use, more fraud risks

Working with AI

Use of generative artificial intelligence by businesses will ramp up in 2024, as will risk of AI-driven cyberattacks and fraud, according to experts.

“AI will become more useful in compliance (in 2024),” said Jag Lamba, chief executive officer at third-party risk management software provider Certa. “It will become more sophisticated, so it can read regulations, spot areas of noncompliance at a business, and make recommended changes to an organization’s processes.”

But as legitimate use of AI grows, so, too, will crimes committed using the technology.

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