Keeping voicemails short, activating multi-factor authentication whenever possible, and setting up account alerts are some of the top tips to help avoid financial fraud, especially those associated with artificial intelligence (AI), according to banking experts.
In a recent poll released by the Royal Bank of Canada (RBC), Canadians were surveyed on their top financial fraud concerns. AI was top-of-mind for most, with nearly 90 percent of Canadians saying they believe AI can make everyone more vulnerable to fraud. More than 80 percent also said AI can make phone fraud harder to detect, especially through voice cloning and impersonation scams, RBC said in a Nov. 4 release….