AI-powered invoice fraud

This is hilarious and tragic. All of humanity’s knowledge is at people’s fingertips, and people are using it to fake invoices to scame their employers:

The launch of new image-generation models by top AI groups such as OpenAI and Google in recent months has sparked an influx of AI-generated receipts submitted internally within companies, according to leading expense software platforms. Software provider AppZen said fake AI receipts accounted for about 14 per cent of fraudulent documents submitted in September, compared with none last year. Fintech group Ramp said its new software flagged more than $1mn in fraudulent invoices within 90 days. Don’t show this again This text has been highlighted 8 times by other subscribers Add to highlights About 30 per cent of US and UK financial professionals surveyed by expense management platform Medius reported they had seen a rise in falsified receipts following the launch of OpenAI’s GPT-4o last year.