Finance & Banking
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                                                            Fraud Management & Cybercrime
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                                                            Fraud Risk Management
                                                                                                                                                                                        
                    Apate.ai CEO Dali Kaafar on Turning the Tables on Fraudsters With AI-Powered Bots
                
Major banks in Australia are now using bots to foil scammers. The bots are designed to pose as potential victims, extract real-time intelligence and waste scammers’ resources. The data is then pushed directly into fraud detection systems used by banks, telecom providers and government agencies.
See Also: New Attacks. Skyrocketing Costs. The True Cost of a Security Breach.
Dali Kaafar, founder and CEO, Apate.Ai, said the company has rolled out bots on voice platforms to pose as typical phone users, as well as text messaging and social media platforms.
“They extract intelligence, and the data we extract could be things like crypto wallets that the scammers are using, the scam tactics, the scam flows, identifications of some dodgy accounts … and obviously the scripts that they are running,” Kaafar said.
The bots are designed to evolve as scammers change their tactics. A multi-agent orchestration layer helps the bots learn from each interaction and change their behavior in real time. With more than 88,000 bots varying in age, voice, accent and personality, the system ensures each scammer encounter feels unique, helping the bots stay undetected.
- How artificial intelligence bots collect and deliver nearly real-time scam intelligence;
- Why disrupting scammers is more effective than just blocking them;
- How Apate’s bots evolve to stay ahead of changing fraud tactics.
Kaafar founded Apate.ai in 2024. He is a professor of science and engineering, and executive director of The Macquarie University Cyber Security Hub, director of the Data Security and Privacy R&D Program and director of the Cyber Range Training Centre and Cyber Security Curriculum of the Institute of Applied Technology-Digital.

