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– news.google.ca
AI-driven scams target borrowers: How to spot fraudulent lenders
– moneysense.ca
Fraudulent lenders are among the most common targets, using fake loan offers to prey on borrowers looking for fast approval or low-interest deals.We spoke with Ardalan Shojaei, Chief Credit and Risk Officer of Fig, about the recent fraud trends study. We also learned about how to spot scams and what to do if you suspect you’ve been targeted or even been the victim of fraud. Even though March is designated as fraud prevention month, the following tips and advice can help you protect your finances throughout the year—especially if you’re looking for a loan.
AI and fraud trends
AI has swiftly become a part of everyday life, and as AI tools become more sophisticated, it’s having a larger impact on fraud. The TD survey found that 75% of Canadians felt that AI advancements made them more vulnerable to financial fraud, and 85% were more concerned about fraud than they were five years ago…


