Ever had your identity stolen?
Yep, so have we.
One in 10 people has experienced exploitation of their details in the last 12 months.
photo credit: Ivan Samkov / Pexels
Furthermore, five percent of people have experienced financial loss due to misuse of personal information in the last year alone, according to Armourcard.com.
These stats are incredibly worrying and with the world moving ever more online, these types of identity scams are only becoming more prevalent.
It’s fair to say that technology and in particular, AI brings with it a whole load of new problems and challenges. However, the benefits we can gain are infinite and when it comes to identity theft, AI could even make it a thing of the past…
In this post, we’re taking a look at how this can happen, but first, let’s find out exactly what identity theft and AI are…
As if running a business in today’s economy is not tough enough, we also have to deal with fraud on top of it all. Fraud can cause a small business to experience financial effects as well as damage to your hard earned reputation.
Small business owners have a higher risk of identity fraud than other adults according to a recent study co-sponsored by ITAC, the Identity Theft Assistance Center, and The Financial Services Roundtable.
