Fraud ‘increasing national security threat’ thanks to AI, Lord Mayor warns

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City AM

By Jessica Frank-Keyes Fraud is increasingly a threat to “national security” as advances in artificial intelligence serve to boost the chances of scammers, the Lord Mayor has warned. Nicholas Lyons, Lord mayor of the City of London, told the International Symposium on Economic Crime in Cambridge that addressing economic crime “must be seen as a foundation for a prosperous economy”. At the 40th annual event, he told attendees that fraud, which accounts for a massive 41 per cent of crime in England and Wales, is increasingly seen as “a national security threat” thanks to “technological developme…

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