A new report by Signicat reveals that many European organizations are ill-equipped to handle the rising threat of AI-driven fraud.
The study, which surveyed over a thousand fraud decision-makers across Europe, found that AI-driven fraud attempts are increasingly successful, with significant revenue loss attributed to these sophisticated attacks. Despite recognizing the threat, many organizations lack the necessary expertise and resources to combat AI-enabled fraud effectively. The report highlights the need for advanced, layered AI-enabled fraud prevention tools to mitigate these risks.
