AI Enables More Convincing Payment Fraud Attacks
In a recent interview with PYMNTS, One Inc. chief revenue officer Kevin Ostrander warned that AI enables synthetic identities and automated behaviors that mimic legitimate customers, increasing fraud in insurance payments. He said these threats undermine traditional verification and prompt firms to adopt behavioral analytics, biometric checks, tokenization and adaptive authentication. Insurers are balancing stronger layered defenses with customer convenience while evaluating agentic AI risks.
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High practical relevance and actionable defenses across finance, but limited novelty and relies on a single industry source for claims.
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