Price: Free for subscribers
Length: 24 pages
Artificial intelligence has been used to fight payments fraud for many years, but the industry may not be ready for the scale of the threat it represents in the hands of bad actors. With the ubiquity of powerful large language models (LLMs) like ChatGPT, Gemini, and Claude, fraudsters and cybercriminals are already enjoying benefits in cost, speed and scale. But the introduction of highly autonomous AI agents has the potential to change the game and introduce a volume and complexity of fraud the industry has never before had to grapple with — the Age of Bad Agents.
In this in-depth Payments IQ series report, we’ll examine:
How agents are changing the nature of fraud and why this represents a novel problem for payments
Why the agentic AI playing field is not even and heavily favors fraudsters
How malicious agents will reshape key aspects of merchant fraud, including synthetic identity creation and account takeovers
The potential business impacts agent-driven attacks could have on payments companies that arenʼt prepared
The qualities future underwriting must have to combat agentic fraud effectively
By the end, you’ll have an up-to-date understanding of the current state of agentic fraud threats and why it represent such a significant threat to underwriting, merchant management and, ultimately, the bottom line.
