Financial Services Summit
How AI is Influencing Fraud in Financial Services
ON DEMAND
Hosted by:
Anthony Scarfe
Director, Information Security, Deputy CISO
Ludwig Adam
CTO
Petafuel
Overview
As fraudsters increasingly weaponize AI, financial institutions must leverage the same technology to strengthen their defenses. In this session, Elastic's Deputy CISO, Anthony Scarfe, and petaFuel CTO, Ludwig Adam, discuss how AI is reshaping fraud detection and prevention in financial services.
Highlights
- AI’s dual impact: AI powers real-time fraud detection but also enables cybercriminals to scale attacks.
- Evolving threats: Generative AI tools like FraudGPT accelerate phishing campaigns and cross-ecosystem attacks.
- Modern fraud prevention: Combining machine learning for statistical analysis with generative AI for real-time incident qualification.
- Data security & AI training: Effective implementation requires integrating multiple data sources while ensuring data privacy.
Watch the session to learn how financial institutions can detect fraud in real-time, integrate AI-powered analysis into security frameworks, and protect financial operations in an AI-driven landscape.
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