Technology
Jan. 14, 2025
AI-fueled fraud and the $10 billion crisis banks can't afford to ignore
With financial fraud on the rise, consumers and legislators are expecting more from banks.
Esther E. Cho
Partner-in-Charge of the firm's Southern California office and Co-Chair of the Securities Litigation and Enforcement Practice, Stradley Ronon Stevens & Young, LLP
Email: echo@stradley.com
Loyola Law School; Los Angeles CA
Shutterstock
The Federal Trade Commission reported that consumers lost more than $10 billion to fraud schemes in 2023--the highest-ever reported losses and a major threat to financial services firms and th...
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