Companies such as eBay and British insurer Beazley have warned about an uptick in fraudulent emails containing personal details obtained via artificial intelligence (AI) analysis of online profiles, according to the Financial Times. Cybersecurity experts say these attacks are increasing as AI grows in sophistication, allowing hackers to create targeted phishing scams by scraping victims' online presence and recreating their style and tone. The use of generative AI tools has lowered the entry threshold for advanced cybercrime, with eBay's Nadezda Demidova stating that there has been a growth in polished and closely targeted phishing scams. To combat this, companies are employing AI-powered cybersecurity measures, with 55% of companies using such measures according to a PYMNTS Intelligence report.
https://www.pymnts.com/fraud-attack/2025/ai-fuels-reported-rise-in-polished-phishing-scams/A new report from PYMNTS and NerdWallet found that CFOs are increasingly turning to generative artificial intelligence (GenAI) to improve financial reporting and decision-making. According to the data brief, 71% of finance leaders believe GenAI will have a significant impact on their industry in the next two years. The report highlights the growing importance of AI in treasury management, with 60% of respondents citing improved working capital as a key benefit of implementing GenAI solutions. Companies such as SAP and Oracle are already investing heavily in GenAI technology to support financial reporting and decision-making.
https://www.pymnts.com/cfo/2024/68percent-of-cfos-see-genai-as-crucial-for-financial-reporting/