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Banks must fight deepfakes with better AI, Barr says

Summary by bankingdive.com
One in 10 companies have been targeted in deepfake scams. Banks, on the front lines of fraud detection, must rise to the occasion with better AI tools, according to Fed Gov. Michael Barr.

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Banks must fight deepfakes with better AI, Barr says

One in 10 companies have been targeted in deepfake scams. Banks, on the front lines of fraud detection, must rise to the occasion with better AI tools, according to Fed Gov. Michael Barr.

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bankingdive.com broke the news in on Monday, April 21, 2025.
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