Artificial Intelligence Malware: Fake Expense Receipts are the New Scam
As companies increasingly rely on artificial intelligence to automate tasks, a new threat has emerged in the form of AI-generated fake expense receipts. Software providers such as AppZen have reported a significant rise in fraudulent attempts, with fake receipts accounting for around 14% of all scams.
The launch of new image-generation models by top AI groups like OpenAI and Google has sparked an influx of AI-generated receipts submitted internally within companies. These receipts are becoming increasingly realistic, making them difficult to distinguish from genuine ones. According to Medius, a leading expense management platform, about 30% of US and UK financial professionals have reported seeing a rise in falsified receipts since the launch of OpenAI's GPT-4 model.
The advent of free and accessible image generation software has made it easy for employees to quickly create fake receipts by writing simple text instructions to chatbots. This shift from traditional photo editing or online services requires no technical expertise, making it an attractive option for those looking to deceive their employers.
Several platforms, including SAP Concur, have reported a significant jump in AI-generated receipts after OpenAI launched its improved image generation model in March. The company's senior vice-president and head of product marketing, Chris Juneau, stated that "these receipts have become so good, we tell our customers, 'do not trust your eyes'".
To combat this issue, companies are turning to AI-powered software that can detect fake receipts by scanning images for metadata and examining contextual information. However, the technology is not foolproof, as users can easily remove metadata by taking a photo or screenshot of the image.
Research has found that nearly 70% of chief financial officers believe their employees are using AI to attempt to falsify travel expenses or receipts. The Association of Certified Fraud Examiners' research director, Mason Wilder, described AI-generated fraudulent receipts as "a significant issue for organizations", noting that there is zero barrier for entry and no need for technical skills.
As the threat of AI-generated fake expense receipts continues to grow, companies must remain vigilant and invest in AI-powered solutions to detect these scams.
As companies increasingly rely on artificial intelligence to automate tasks, a new threat has emerged in the form of AI-generated fake expense receipts. Software providers such as AppZen have reported a significant rise in fraudulent attempts, with fake receipts accounting for around 14% of all scams.
The launch of new image-generation models by top AI groups like OpenAI and Google has sparked an influx of AI-generated receipts submitted internally within companies. These receipts are becoming increasingly realistic, making them difficult to distinguish from genuine ones. According to Medius, a leading expense management platform, about 30% of US and UK financial professionals have reported seeing a rise in falsified receipts since the launch of OpenAI's GPT-4 model.
The advent of free and accessible image generation software has made it easy for employees to quickly create fake receipts by writing simple text instructions to chatbots. This shift from traditional photo editing or online services requires no technical expertise, making it an attractive option for those looking to deceive their employers.
Several platforms, including SAP Concur, have reported a significant jump in AI-generated receipts after OpenAI launched its improved image generation model in March. The company's senior vice-president and head of product marketing, Chris Juneau, stated that "these receipts have become so good, we tell our customers, 'do not trust your eyes'".
To combat this issue, companies are turning to AI-powered software that can detect fake receipts by scanning images for metadata and examining contextual information. However, the technology is not foolproof, as users can easily remove metadata by taking a photo or screenshot of the image.
Research has found that nearly 70% of chief financial officers believe their employees are using AI to attempt to falsify travel expenses or receipts. The Association of Certified Fraud Examiners' research director, Mason Wilder, described AI-generated fraudulent receipts as "a significant issue for organizations", noting that there is zero barrier for entry and no need for technical skills.
As the threat of AI-generated fake expense receipts continues to grow, companies must remain vigilant and invest in AI-powered solutions to detect these scams.
. I mean, can you imagine if your employer starts sending you receipts that are literally made out of thin air? It's crazy how easily people can use those new image-generation models to create realistic receipts without even needing any tech expertise 
. And the worst part is, these scams are getting so good that some companies aren't even sure what's real and what's not 
.
And let's be real, 70% of CFOs are already saying that employees are using AI to try and scam their way to some extra cash 
. It's a serious issue and we need to take it seriously.
. We need to make sure that these new tech advancements aren't being used as a tool for deceit and exploitation 
. So yeah, let's get tech-savvy companies on this ASAP and figure out how to stay one step ahead of these fake receipt scams 
.
I mean I've seen those images on reddit where people ask if it's legit or not. Some of them look so real, you need a super trained eye to spot the difference. Companies gotta step up their game and invest in better AI detection software, otherwise these scammers will just keep on rolling 
I mean, come on, who needs a fancy image-generation model from OpenAI when it's just gonna create more problems for us? And now companies are telling their customers not to trust their eyes, like what even is that?! 
It's just making everything so unpredictable. And don't even get me started on the software that can detect fake receipts... like, sure, that's great, but how do we know it's not just gonna be another scam waiting to happen? 
This is getting wild! I mean, who knew AI could be used to scam employers? 
It's crazy how easily employees can create fake receipts with just a few text instructions to chatbots. And the fact that 30% of financial pros have reported seeing this trend increase since GPT-4 was launched is no joke.
It's like, we've made such progress with AI, but now we're just gonna use it to scam each other? 
.
. I mean, we can use AI to detect this stuff, but apparently some people think it's too hard? 
Anyway, gotta keep an eye on this one 
.