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AI & fraud—the new frontier for disputes?

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Dan Wyatt, Chris Whitehouse and Olivia Dhein investigate the rise of deepfakes and other AI-augmented scams
  • Explores how AI can be used for fraudulent purposes, such as deepfakes and phishing.
  • Sets out how current law in England and Wales can tackle these threats.

Never has it been easier to generate fake images, video and audio for fraud than in the time of generative artificial intelligence (AI). This article considers how the technology can augment almost any type of fraud, and how the English legal playbook stands up against this threat.

What is AI & what are guardrails?

To understand the new potential for fraud, it is helpful to first understand what large language models (LLMs)—the newest iteration of AI—are, and how they generate their output.

LLMs are the technology that sits behind ChatGPT, probably the most famous example of generative AI. In highly simplified terms, these are computer models that respond with an answer to an input or ‘prompt’ by a human user, such as a question or instruction. When initially

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MOVERS & SHAKERS

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

Excello Law—Heather Horsewood & Darren Barwick

Excello Law—Heather Horsewood & Darren Barwick

North west team expands with senior private client and property hires

Ward Hadaway—Paul Wigham

Ward Hadaway—Paul Wigham

Firm boosts corporate team in Newcastle to support high-growth technology businesses

NEWS

NOTICE UNDER THE TRUSTEE ACT 1925

HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

NOTICE TO CREDITORS AND BENEFICIARIES UNDER SECTION 27 OF THE TRUSTEE ACT 1925
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