As digital threats escalate, fraudsters are becoming increasingly creative, using artificial intelligence (AI) to launch more sophisticated attacks. At the same, AI can also be used as a defense against fraud. McCarter & English partner Erin Prest spoke with Lexology PRO about how banks can leverage AI to prevent fraud. “The speed at which AI can review and analyze transactions for minute changes or suspicious activities far outweighs the pace at which a human can conduct the same review. AI can analyze thousands of transactions, conduct behavioral analytics, and detect anomalies at an incredible speed,” she said.
10.31.2025