How can businesses stay ahead of the rapidly evolving risks of AI-driven fraud? In this episode of Tech Talks Daily, I sit down with Bradley Niedzielski, Audit & Assurance Partner, Digital Transformation at Deloitte, to explore the growing threat of generative AI in financial fraud and how organizations can strengthen their defenses.

With deepfake technology, synthetic identities, and AI-generated forgeries becoming more sophisticated, traditional fraud detection methods are struggling to keep up. Deloitte projects that AI-driven fraud losses in the U.S. could reach $40 billion by 2027—more than tripling from 2023.

Bradley shares insights from Deloitte’s latest research, including a startling statistic: over 25% of businesses have already faced a deepfake financial fraud attack, and more than half expect these threats to escalate within the next year.

Despite this growing concern, only 7.4% of companies prioritize technology as their primary defense, and less than half feel confident in their ability to combat AI-powered fraud. So, what’s holding them back? And what steps should organizations be taking right now to strengthen their fraud risk management frameworks?

We discuss the critical role of AI governance, the importance of transparency in AI decision-making, and why human oversight is still essential—even as AI becomes more autonomous. Bradley also highlights how finance departments increasingly embed AI into their workflows, from automating financial close processes to leveraging AI-driven scenario planning. But as AI becomes a core part of financial operations, ensuring data integrity and preventing blind trust in AI-generated outputs is more critical than ever.

Beyond risk mitigation, we explore how businesses can prepare their teams for the AI-driven future. Bradley shares best practices for upskilling finance professionals, fostering a culture of innovation, and ensuring AI adoption aligns with broader organizational goals. With AI reshaping finance functions at an unprecedented pace, how can companies implement it securely while maintaining regulatory compliance and operational efficiency?

As generative AI continues to disrupt the financial landscape, how can businesses balance innovation and risk management? And what strategies will define the next generation of AI-powered finance operations? Tune in to hear Bradley Niedzielski’s expert take on navigating the opportunities and challenges of AI in finance.

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