Client: Concur Tech(UK)Ltd(Maidenhead)
Format: Whitepaper
Size: 927 KB
Language: English
Date: 22.05.2026
Combating AI fraud: A guide for finance leaders
A recent survey of professionals in finance, audit, and other key functions identified “new technology outpacing controls” as the main driver of fraud. The finding points to a critical moment for CFOs globally as sophisticated new deepfakes and other AI-led scams create profound new risks that are outstripping many finance teams’ ability to respond.
But diligent professionals can fight back, especially when supported with training, tools, and a strong anti-fraud culture. In one instance criminals impersonating the CEO of carmaker Ferrari requested a money transfer from another executive at the company, who foiled the scam by asking a question only the CEO could answer, after which the attacker abruptly ended the call.
Multiple factors have combined to create a more dangerous fraud environment. These include:
But diligent professionals can fight back, especially when supported with training, tools, and a strong anti-fraud culture. In one instance criminals impersonating the CEO of carmaker Ferrari requested a money transfer from another executive at the company, who foiled the scam by asking a question only the CEO could answer, after which the attacker abruptly ended the call.
Multiple factors have combined to create a more dangerous fraud environment. These include:
- An increase in attack entry points – such as phones and other remote devices – plus additional software vulnerabilities as enterprise IT systems get more complex and connected
- The democratisation of AI technology, which makes it easier for fraudsters to deploy deceptions quickly
- New attack types, most notably those using AI for impersonation and falsification
- The spread of shadow AI – the unsanctioned use of external tools by employees – which creates extra, low-visibility attack points
