Apate deploys AI agents posing as scam victims to gather fraud intelligence for banks
Overview
Apate.ai, an Australian startup founded in 2024 from Macquarie University research, deploys AI agents that pose as scam victims and engage scammers.
The company says its agents have run 2.5 million conversations and wasted 17 years of scammers' time.
Apate passes the intelligence gathered from those conversations, including scammers' bank accounts, crypto wallets, phone numbers and impersonated brands, to customers. The company names Commonwealth Bank of Australia and TPG Telecom among them. These figures and results come from Apate's own statements, and the report does not independently verify them.
Written by AI from the articles below · updated Oct 14, 2:07 PM ET
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- TechCrunch · AINewsApate uses AI agents posing as victims to gather fraud intelligence from scammers
AIApate.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.
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