Experts Warn AI Aids Fraud but Enhances Cybersecurity Efforts
The Telangana Cyber Security Bureau reports daily financial losses of Rs 5 crore due to rising cybercrime, with experts warning that while Artificial Intelligence (AI) is being exploited by fraudsters, it also offers tools for security enhancement. At the TRUST AICS 2025 conference, Shikha Goel emphasized the need for accountability and collaboration in leveraging AI as a safeguard. Meanwhile, Vasanth Kumar highlighted AI’s role in transforming corporate governance by enabling real-time compliance reviews. The discussion also raised concerns about AI liability, stressing that responsibility lies with developers, deployers, and regulators to ensure ethical and fair use of AI technologies.