Growing evidence indicates employees are using AI apps to generate authentic-looking fake bills to submit as expenses.

· AI tools like ChatGPT can now generate hyper-realistic fake receipts, presenting a new fraud risk to retailers, especially small and e-commerce businesses. · This threat is an evolution of synthetic ...

Seb Vanhecke, Chief Product Officer of European fintech Rydoo, has commented on on the rise in employee expense fraud due to AI-generated fake receipts and the end of the fiscal year causing finance ...