'Do not trust your eyes': AI generates surge in expense fraud

[PaulKeeble]

We are not ready for the image and video fraud that is happening now and very much is coming. I can see why governments are starting to push for government issued ID to pervade into everything because its going to require a large amount of tracking to counter all the fakes. Rather than tracking everything a move to a usable trust and verifiable signature system is preferable from a piracy point of view and would still counter the fakes.

[woleium]

payment by stablecoin would prevent this

[comrade1234]

There were free websites 25-years-ago for doing this. I remember because I lost a gas receipt and it was a huge pain to get reimbursed for it so the next time it happened I used one of these sites….

[departed]

http://archive.today/lvchA

[Zanfa]

Apparently, archive.today uses an unbeatable captcha.

[anotherhue]

Receipt printers are about $20 so all that's new is that it's easier.

[zkmon]

The business world fully deserves it. When you produce nukes, you should also build nuke shield. No more horse fighting.

[blibble]

finally a use for AI

where's simonw's blog post about this

[barbazoo]

That’s a hiring issue, not an AI issue.

[croes]

Easy accessible AI made it easy for many people who couldn’t create believable fakes with Photoshop before.

[embedding-shape]

I'd probably get hate for this or whatever, but things like this is why it's inevitable that businesses and governments will eventually force cryptocurrencies on people, because then purchases/expenses/bills and anything else can be tracked fully across the spectrum.

I'm not for it, don't want it, but I can't help myself but to see that as the future, as fraud ramps up even more, gets cheaper and businesses feel they have no other way to combat it except adding more tracking everywhere, something blockchains and cryptocurrencies excel at, for better or worse.

[unlikelytomato]

Alternatively, companies will just go back to corporate cards with very strict vendor rules. When vendor rules are not enough, they will go back to extremely tight per diem and simply not care of the expense was strictly real or not. I can't see any advantage to using a whole new currency and exchange that every vendor in the world is now going to have to support for this to be useful vs these simple measures.

[trenchpilgrim]

> because then purchases/expenses/bills and anything else can be tracked fully across the spectrum.

Traditional banking already does this very well in most countries, through centralized systems with multiple redundant tracking and audit methods. Furthermore, crypto transaction fees are ludicrously high by comparision, and rarely offer the combination of "fast transactions" and "undo button" that traditional banking can provide.

[linked_list]

Why would a government use cryptocurrencies though? You only need that if you have no single source of truth. For a government digital banking is enough and way cheaper. Unless by crypto you just mean cryptographically signed transaction logs or something.

[Zanfa]

Another usecase that already works better without any cryptocurrency or blockchain involved.

In Estonia, the government offers public key infrastructure, so any party needing to prove legitimacy of documents from a 3rd party can get it digitally signed by the originator. For example, when you need a bank statement, you can just download a signed PDF (technically it's a zip, but whatever) that proves the legal entity (or person) that ensures it's legitimate.

[jt2190]

Putting coercive governments aside, the cryptocurrency would need to allow for transaction reversals (a.k.a. “chargebacks”) like credit cards do today, and additionally need to have some kind of “know your customer” (KYC) capability, not just a public ledger that points to crypto wallet addresses but actual names and addresses, so that the “credit system” can identify fraudsters and, at minimum, mark them as such by lowering their credit score.

[spankalee]

The much more easy thing is that they reimburse you only for what you charge to the company card. This is much more feasible now than it was even 10 years ago.

[thrance]

That's already accomplished by centralized ledgers, at a tiny fraction of the cost.

[calmworm]

Why would you get hate for it, because you are promoting cryptocurrency and conflating it with blockchain?

[rafaelmn]

You mean digital currencies - not crypto currencies.

And yeah they are already pushing for this for a long time already

[AtlasBarfed]

It's just going to make gold all the more valuable