AI a double-edged sword in financial fraud, UK minister warns

Incidents of financial fraud are rising in the UK, and online scams are more common than ever. Ministers are calling for using AI to address the challenge.

UK officials have warned about the use of advanced technologies such as generative AI by scammers to commit financial fraud, but maintain the view that the technology can also be a powerful tool to tackle the challenge.

Lord Hanson, the first UK minister specifically appointed last year to tackle fraud,

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