A recent report by Experian highlights that generative AI, deepfakes, and cybercrime are emerging as the primary fraud concerns for businesses. The report underscores the growing threat posed by AI-enabled fraud tools, such as the GoldPickaxe.iOS trojan, which collects biometric data for creating deepfakes. Additionally, experts emphasize the need for organizations to enhance their defenses against these evolving threats. The report aligns with insights from TrendMicro, which has noted the increasing risks associated with AI-driven fraud mechanisms. Deloitte also points out that the fintech sector is adapting to these challenges, suggesting a strategic shift for banks and customers in response to new threat vectors.