Dubrow Quoted on How AI Expands the Ability to Commit Fraud
The Bond Buyer
Partner David Dubrow was quoted on the use of artificial intelligence in fraud in response to the US Securities and Exchange Commission’s (SEC) complaint against three individuals who allegedly use fake documents to defraud investors in municipal bonds.
Though David noted that fraud has a long history dating “to the beginning of human kind,” with AI, “it will get even more sophisticated.”
He said, “It expands the possibilities of how fraud can be committed,” The potential for AI-enabled fraud “is something that the market is going to have to really start to confront and think about as this evolves.”
“I don’t know that anyone has a clear solution to that,” he said.
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