Deloitte projects $40 billion losses in AI-led fraud by 2027

Deloitte, one of the world’s top professional services firm projects losses due to generative-AI-enabled fraud to reach $40 billion in the US by 2027. This represents an increase of over 200% from the $12.3 billion recorded in 2023 and a compound annual growth rate of 32%. Also read: AI-Enabled Tax Fraud Poses Challenges for Detection

Source: Cryptopolitan