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'Do not trust your eyes': AI generates surge in expense fraud
- departed 11mo agohttp://archive.today/lvchA http://archive.today/lvchA
- comrade1234 11mo agoThere were free websites 25-years-ago for doing this. I remember because I lost a gas receipt and it was a huge pain to get reimbursed for it so the next time it happened I used one of these sites….
- barbazoo 11mo agoThat’s a hiring issue, not an AI issue.
- embedding-shape 11mo agoI'd probably get hate for this or whatever, but things like this is why it's inevitable that businesses and governments will eventually force cryptocurrencies on people, because then purchases/expenses/bills and anything else can be tracked fully across the spectrum. I'm not for it, don't want it, but I can't help myself but to see that as the future, as fraud ramps up even more, gets cheaper and businesses feel they have no other way to combat it except adding more tracking everywhere, something blockchains and cryptocurrencies excel at, for better or worse.
- trenchpilgrim 11mo ago> because then purchases/expenses/bills and anything else can be tracked fully across the spectrum. Traditional banking already does this very well in most countries, through centralized systems with multiple redundant tracking and audit methods. Furthermore, crypto transaction fees are ludicrously high by comparision, and rarely offer the combination of "fast transactions" and "undo button" that traditional banking can provide.
- embedding-shape 11mo ago> Traditional banking already does this very well in most countries, through centralized systems with multiple redundant tracking and audit methods So how does traditional banking solve the very problem the submission article is about? Companies seem to say this is an issue today, some seeing 15% fraudulent receipts, if traditional banking did these things well, why are these companies still seeing these issue? Again, I'm not arguing that things will be better with cryptocurrencies, just that if we suddenly see companies and governments urging people to adopt cryptocurrencies, I'd totally understand why, although I'd push against it as much as I could.
- trenchpilgrim 11mo agoIn my employers case they issue everyone a company card that has expense policies built in (it literally won't let you spend outside of policy). If you need to do a personal card expense it needs multiple levels of approval.
- anotherhue 11mo agoReceipt printers are about $20 so all that's new is that it's easier.
- PaulKeeble 11mo agoWe are not ready for the image and video fraud that is happening now and very much is coming. I can see why governments are starting to push for government issued ID to pervade into everything because its going to require a large amount of tracking to counter all the fakes. Rather than tracking everything a move to a usable trust and verifiable signature system is preferable from a piracy point of view and would still counter the fakes.
- woleium 11mo agopayment by stablecoin would prevent this
- deleted 11mo ago[deleted]
- blibble 11mo agofinally a use for AI where's simonw's blog post about this
- zkmon 11mo agoThe business world fully deserves it. When you produce nukes, you should also build nuke shield. No more horse fighting.
- whatpeoplewant 11mo ago[flagged]