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AI-assisted fraud schemes could cost taxpayers $1 trillion in just 1 year, expert says

Posted on AllSides June 20th, 2023
From The Right
Technology, AI, Fraud
Haywood Talcove (Courtesy)

Artificial intelligence smashed the floodgates to unprecedented fraud that could cost taxpayers hundreds of billions, if not $1 trillion, over the next 12 months, an expert told Fox News Digital. 

Haywood Talcove, CEO of LexisNexis Risk Solutions' government division, which evaluates and predicts risk, said he's already seeing criminals on the dark web using people's faces to steal from government and state agencies.

Benefits to America's most vulnerable communities, such as Social Security, Medicare and Medicaid, and unemployment, are ending up in the pockets of criminals and criminal enterprises that are operating...

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https://www.foxnews.com/us/ai-assisted-fraud-schemes-could-cost-taxpayers-1-trillion-one-year-expert-claims

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