Fraud in a high-tech world

July 6, 2019

Artificial intelligence (AI), robotic process automation (RPA) and blockchain may be able to assist in identifying fraud. But they also may enable potential fraudsters to up their games, perpetrating more robust crimes that are harder to detect.

While AI, blockchain, data analytics, and RPA have been widely publicized as tools auditors can use to combat fraud, it’s not a stretch to imagine fraudsters will look to take advantage of the same technologies to commit bigger and more damaging frauds than have previously been possible.

For example, blockchain has been lauded as fraud-resistant, yet cases of blockchain hacking have been in the news recently. Read this detailed analysis.

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