Apate uses AI agents posing as victims to gather fraud intelligence from scammers
Original titleApate sends AI agents undercover to get scammed so they can gather fraud intelligence
AISummary
Apate.ai, an Australian startup founded in 2024 from Macquarie University research, deploys thousands of AI agents that pose as victims to engage scammers.
The company says its agents have run 2.5 million conversations and wasted 17 years of scammers' time, then passes the scammers' bank accounts, crypto wallets, phone numbers, and impersonated brands to customers such as Commonwealth Bank of Australia and TPG Telecom.
AIWhy it matters
The article shows how an AI agent startup targets fraud at the source, giving banks and telcos scam intelligence instead of after-the-fact blocking.
Source: TechCrunch · AI · techcrunch.comPublished · added here