yellen highlights growing fraud issues in banking system and ai response

US Treasury Secretary Janet Yellen has expressed concern about the increasing problem of fraud in the banking system. She emphasized the need to address this issue urgently, as it is affecting financial institutions more and more.

To combat the growing threat of fraud, the Treasury Department is now using artificial intelligence technologies to improve detection and prevention efforts. Yellen's comments highlight the government's dedication to addressing this challenge, which is becoming more complex and widespread.

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