fraudbot noun [C] UK /ˈfrɔːd.bɒt/ US /ˈfrɑːd.bɑːt/ a type of computer program that uses AI to pretend to be an online customer in order to carry out fraudulent activities Introducing the fraudbot – a chatbot that impersonates customers and tries to open fake accounts, reopen closed accounts, or access real customer data. Not only do …

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