Malicious use of AI is reshaping the fraud landscape, creating major new risks for businessesArtificial intelligence (AI) is doing wonderful things for many businesses. To tackle this mounting fraud threat, you need a layered response that focuses on people, process and technology. AI algorithms can be set to work cracking the passwords of customers and employees, enabling data theft, ransomware and mass identity fraud. One report estimates that 38% of revenue lost to fraud over the past year was due to AI-driven fraud. Machine learning algorithms to detect patterns of suspicious behavior in staff and customer data.