In our increasingly connected virtual world, technology has become a double-edged sword. It gives criminals new ways to commit crimes while enabling the creation of new tools to prevent fraud and corruption.
The question Latin American experts are asking is how the development of artificial intelligence (AI) will affect the future. Juan Ignacio Ruiz, president of the International Fraud Prevention Cooperation Association (ICPF), said, “Technology is like a knife because some people use it to eat a good steak or harm others.” Because we can do it,” he said. Luis and other experts shared their experiences at his VI Latin American Organization Fraud Prevention Conference (CLAPFO) in Heredia, Costa Rica, near San Jose.
According to the 2022 National Report of the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud association, fraud is now a “global problem” costing the enterprise sector $3.6 billion. The NGO Transparency International, in its Corruption Perceptions Index 2022, confirms that 95% of the 180 countries analyzed have seen levels of “no change” over the past decade.
Costa Rican firm Capacita, which specializes in fraud prevention, is betting on training and technology as “the most powerful weapon to fight corruption,” said director André Barrantes. “[Cheating]has a direct impact on the growth of an organization and can even jeopardize its finances. is mortgaged to society,” said Valantes.
He points out that ACFE data shows that fraud consumes 5% of a company’s revenue each year, and could reduce a company’s profits by as much as a third. Eastern Europe, Central and Western Asia, Latin America and the Caribbean are the regions where fraud costs businesses the most, according to the ACFE.
Barrantes proposes using technology to prevent, detect and report fraud, and to anticipate the development of artificial intelligence to predict possible applications. “AI will imply new fraud risks as new typologies emerge,” he warns. “But it’s not all bad.” According to Barrantes, “Like technology today, artificial intelligence is becoming an ally against it.”
Julio Jolly, director of Panama consulting firm Global Advisory Solutions, says technology must be seen as an investment, not an expense. “Technology should be seen as an ally. We are now in the age of artificial intelligence, and we have already seen certain threats enhanced or enabled by the use of these intelligent systems,” said Jolly. warns you.
AI has emerged on the scene as a technology whose boundaries have yet to be determined, and its applications, for better or worse, are in full swing. “There is more and more human-machine collaboration on intelligence issues, internet backup, and artificial intelligence interactions on the cognitive side.
This means we shouldn’t abandon the question of minimizing risk if we’re going to continue to promote it,” Jolie says. I think it helps prevent both. That’s why programming training and technical education are important to keep up with the pace of evolution.
“With no borders, governments, businesses and individuals from anywhere in the world can become highly vulnerable, which puts us at a huge disadvantage for criminals,” Jolie says.
