"Fraud is always evolving, and with criminals now exploiting AI and machine learning, our expectation is that scams will be increasingly more sophisticated," Baz Thompson, head of fraud and investigations at Metro Bank, told This is Money.
"Our systems have to constantly evolve to protect our customers, but we would remind all consumers and businesses to be wary of anything that seems too good to be true," the fraud expert added.
"In the last 12 months, we have seen an increase in fraudulent merchants offering goods for sale at attractive prices and then convincing the customers to purchase," Thompson said.
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