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Banks have referred to as for stronger intelligence sharing and governance frameworks to fight fraud pushed by Artificial Intelligence (AI), warning that the expertise is giving monetary criminals new methods to goal establishments and clients.
The issues have been raised at The Asian Banker (TAB) Global Finance West Africa 2026 convention, sponsored by FirstBank, in Lagos, the place trade leaders examined the altering dangers going through the banking sector.
The Chief Information Security Officer and Data Protection Officer at NOVA Bank, Frances Undelikwo, stated each criminals and monetary establishments have been leveraging AI, with attackers utilizing it to create convincing communications and execute fraud extra shortly.
