Editor’s Note: This article was previously published as part of SBN News Director Steve Lubetkin’s “CompuSchmooze” technology column in the Jewish Community Voice of Southern New Jersey.

As we all began downloading computer software and other apps, digital criminals got the idea to sneak all kinds of bad things into our computers, whether it was to steal data, demand ransoms for unlocking data, or just making the computers misbehave. Viruses, malware, and spyware have been regular problems for most of us using computers, tablets and smart phones.

With the rise of AI technologies, it should be no surprise that criminals are leveraging these advances as well. Companies of all sizes need to understand how AI-enabled fraud operates — and how to detect it.

One company, AppZen (AppZen.com) is developing AI tools for large companies that can detect fraud being committed by other AI entities.

AI has significantly transformed the landscape of fraud, enabling bad actors to craft sophisticated schemes that are harder to detect. According to Anant Kale, the CEO of AppZen, AI fraud includes creating fake receipts that look authentic, fabricating entire expense patterns, or manipulating invoices — sometimes by external parties, sometimes by employees.

You can watch the SBN Newsmakers interview with Anant Kale in the player below.

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Fighting AI fraud by using AI