AI has led to a rise in fraud and identity theft

Research we've carried out at the Compliance Institute shows that AI has turned data protection into an uphill battle for companies

Ireland’s position as a major centre for data hosting and digital infrastructure adds to this country’s vulnerability. With so much financial and commercial activity flowing through highly connected systems, cybercriminals are actively targeting Ireland. File photo

The opportunities presented to fraudsters and hackers by AI are legion — and the pace of the technology’s development has left many of us scratching our heads.

The fast-growing capabilities and increasingly widespread use of AI have raised concerns such as privacy and misinformation issues, the potential of the technology to lead to job displacement, or even the risk of AI-altered images and videos disrupting the democratic process.