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Two ways AI is changing the business of crime (Two Indicators)

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Two ways AI is changing the business of crime (Two Indicators)

Planet Money

Oct 08
Planet Money

Planet Money

Oct 08
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Pre-order the Planet Money book here for your free gift.  Our sister show, The Indicator, is chronicling the evolving business of crime for its Vice Week series. Today, we bring to you two cases of crime in the age of AI.  First, cybercriminals are using...

Highlights

As artificial intelligence becomes more sophisticated, it's being weaponized in surprising ways — from mimicking voices to manipulating markets. This episode explores how AI is reshaping the landscape of financial crime, challenging both institutions and regulators to keep pace with rapidly evolving threats.
08:48
All online content should be vetted for AI generation
14:40
AI-powered trading bots using reinforcement learning can react similarly to market signals, risking collusion or flash crashes.
17:46
AI trading bots may collude without explicit programming or human direction

Chapters

How scammers use your voice against you — and what banks are doing to stop it
00:00
Why the biggest security flaw in voice verification isn’t technology — it’s people
05:48
When AI trading bots go rogue: The hidden risks of autonomous market behavior
11:36
Can machines collude on their own? A simulation reveals disturbing possibilities
17:46
Who’s responsible when AI breaks the rules — and can regulators catch up in time?
20:51

Transcript

Speaker 2: This message comes from NPR sponsor Charles Schwab. Financial decisions can be tricky. Your biases can lead you astray. Financial Decoder, an original podcast from Charles Schwab, can help. Download the latest episode and subscribe at schwab.com...