Company
Date Published
Author
Evelyn Chea
Word count
585
Language
English
Hacker News points
None

Summary

AI is playing an increasingly significant role in fraud, with 41% of attacks on organizations now being AI-powered, leading to substantial financial and operational challenges. A survey of over 300 leaders from sectors such as B2B SaaS, fintech, and banking reveals that nearly every organization has faced substantial annual losses due to such fraud, with operational burdens particularly pronounced in the B2B SaaS sector where 62% of fraud teams report increased manual workloads. The rise of privacy-first technologies and regulations, such as GDPR and CCPA, adds further complexity, as these measures, while protecting consumer privacy, make it harder for fraud teams to differentiate between legitimate users and fraudsters, with nearly half of respondents noting a reduction in fraud prevention capabilities. As fraud tactics continue to evolve, the report emphasizes the need for investments in adaptable technologies like device intelligence platforms, which can help organizations manage risk more effectively without violating privacy regulations.