🤖 AI fraud is the new kid on the block, and it's causing quite a stir in the financial world! 💼 Financial institutions are struggling to distinguish AI-generated fraud from other types, leaving them with a blind spot. Ari Jacoby, CEO of Deduce, says this is due to AI's ability to create synthetic, lifelike identities that fool even the most advanced systems. 😱 The solution? A layered program that identifies existing fraudsters and prevents new fake identities. But beware, crypto exchanges! AI-generated fake IDs could reshape your KYC measures. So, what's your take on AI fraud? 🤔 #AIFraud #CryptoNews