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U.S. bank regulators are escalating their oversight of artificial intelligence systems deployed by financial companies, according to a recent report. The regulatory push focuses on how banks are implementing AI tools across various operations, including customer service, risk assessment, fraud detection, and lending decisions. Regulators are examining whether these

The Wall Street Journal reports that artificial intelligence is dramatically increasing the volume and sophistication of text message scams. Security researchers note that AI tools allow bad actors to automate the creation of phishing messages, adapt them in real time, and target victims with personalized content at a scale previously