To start, what is happening at the minute with AI-enabled fraud? How has AI changed fraud?

Well, I think that in the AI era we see that fraud is being industrialized.

AI lowers the cost and increases the scale of fraud.

It makes fraud faster, cheaper, more personalized and more adaptive, and criminals can now run fraud operations at industrial scale, multilingual, adjusted to every particular person, unique characteristics, preferences, and making a huge impact with very little resources.

I think that this is not just more fraud, it is a different operational mode, and AI turns fraud from a manual process into a scalable pipeline.

And my concern is that soon we'll see how criminals will start shifting more and more of their activities into this arena because, you know, it's so easy to produce.

And when you run the army of agents, you don't need any longer to do anything else.

So Shlomit, when we're talking about these agentic AI tools, how exactly should banks or regulators for that matter, how should they be using them?