Tax professionals and their clients will face increasingly sophisticated AI-driven fraud schemes during the upcoming tax filing season. However, one cybersecurity expert says “help is on the way” with the advent of mobile driver’s licenses – which could provide for more secure online identity verification in the near future.
The explosion of AI technology has made it simple for fraudsters to create highly convincing fake content at scale, said Peter Horadan, CEO of the AI-powered identity verification solutions company Vouched. Horadan told Checkpoint that AI can scrape publicly available information or data from breaches to craft weaponized and personalized emails, text messages, and even voicemails.
To dig deeper, visit the original article on the Thomson Reuters blog.