{"id":10711,"date":"2023-07-12T08:37:22","date_gmt":"2023-07-12T06:37:22","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/07\/12\/financial-firms-must-boost-protections-against-ai-scams-uk-regulator-to-warn\/"},"modified":"2023-07-12T08:37:22","modified_gmt":"2023-07-12T06:37:22","slug":"financial-firms-must-boost-protections-against-ai-scams-uk-regulator-to-warn","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/07\/12\/financial-firms-must-boost-protections-against-ai-scams-uk-regulator-to-warn\/","title":{"rendered":"Financial firms must boost protections against AI scams, UK regulator to warn"},"content":{"rendered":"<p>Financial Conduct Authority chief to highlight risks of \u2018deepfake\u2019 fraud as well as benefits of Artificial Intelligence<\/p>\n<p>The head of the UK\u2019s financial regulator is to warn that banks, investors and insurers will have to ramp up their spending to combat scammers using artificial intelligence to commit fraud.<\/p>\n<p>Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), will say that there are risks of \u201ccyber fraud, cyber-attacks and identity fraud increasing in scale and sophistication and effectiveness\u201d as artificial intelligence (AI) becomes more widespread, in a speech in London on Wednesday.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/jul\/12\/financial-firms-must-boost-protections-against-ai-scams-uk-regulator-to-warn\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/83884b2d32f314a62188e79d99ec4e9df228f833\/0_71_3957_2374\/master\/3957.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e90c3a4612d741107eaa6ddb05cd153e\" title=\"Financial firms must boost protections against AI scams, UK regulator to warn\" \/>Financial Conduct Authority chief to highlight risks of \u2018deepfake\u2019 fraud as well as benefits of Artificial Intelligence<br \/>\nThe head of the UK\u2019s financial regulator is to warn that banks, investors and insurers will have to ramp up their spending to combat scammers using artificial intelligence to commit fraud.<br \/>\nNikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), will say that there are risks of \u201ccyber fraud, cyber-attacks and identity fraud increasing in scale and sophistication and effectiveness\u201d as artificial intelligence (AI) becomes more widespread, in a speech in London on Wednesday. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Conduct Authority chief to highlight risks of \u2018deepfake\u2019 fraud as well as benefits of Artificial Intelligence The head of the UK\u2019s financial regulator is to warn that banks, investors and insurers will have to ramp up their spending to combat scammers using artificial intelligence to commit fraud. Nikhil Rathi, the chief executive of the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/07\/12\/financial-firms-must-boost-protections-against-ai-scams-uk-regulator-to-warn\/\"> <span class=\"screen-reader-text\">Financial firms must boost protections against AI scams, UK regulator to warn<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":10712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10711"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=10711"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/10712"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=10711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=10711"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=10711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}