AI could make home loan fraud easier, warns Australian regulator
Australia's regulator has identified potentially hundreds of millions of dollars in suspected fraudulent loans as AI poses new risks.
Australia's financial regulator has warned that artificial intelligence could make home loan fraud easier to commit. The regulator has already found potentially hundreds of millions of dollars in suspected fraudulent loans.
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AI may make home loan fraud easier, regulator warns
Australia's regulator has found potentially hundreds of millions of dollars of suspected fraudulent loans.