Increasing access to artificial intelligence (AI) tools is aiding fraudsters to commit online crime, exposing businesses and individuals in East Africa to an elevated risk of identity fraud as businesses face higher costs of fending off attacks.
Fraudsters are finding it easier to execute large-scale operations at minimal cost because of a rise in "fraud as a service" (FaaS) models that allow criminals to outsource key aspects of their operations to specialised providers, a new report shows.
