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AI-powered scams are rapidly reshaping the fraud landscape, exposing new vulnerabilities within financial systems and eroding public trust in digital communication.
Given the speed at which the digital economy, technological and AI landscape is developing, young people need to be educated on how to mitigate the associated risks with a combination of cyber insurance and risk management practices. This is an important part of building financial literacy and preparing the youth to nurture a sense of responsibility that will set them in good stead for a financially secure future.
As artificial intelligence becomes deeply woven into financial services, from credit scoring algorithms to AI-powered advisors, the sector is entering a period of both exponential opportunity and existential risk. At the heart of this evolution lies a deceptively simple question: Who - or what - is acting on behalf of a person?
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?