Banks Warn AI Shopping Bots Increase Scam, Fraud, and Data Privacy Risks

Banks such as NatWest and Bank of America have issued warnings that the use of AI agents for online shopping may elevate risks related to scams, fraud, and data privacy breaches. These banks have also outlined principles aimed at guiding the responsible development of this technology. This announcement highlights growing concerns about the security implications of AI in consumer finance.

Originally published by gnews