Banks warn AI shopping bots raise scam, fraud and data-privacy risks| live

Banks have issued warnings regarding the potential risks associated with AI shopping bots, including scams, fraud, and data-privacy concerns. This development is significant as it highlights the growing importance of security and privacy in the digital shopping landscape.

The increased use of AI shopping bots raises important questions about the future of social commerce, particularly in terms of trust, safety, and transparency. As social commerce continues to evolve, it is crucial for platforms, banks, and regulatory bodies to work together to mitigate these risks and ensure a secure environment for online transactions.