Mason Hayes & Curran Dispute Resolution Conference Examines AI Deepfakes and Bank Liability for Fraud Victims

In this episode of Global Economic Press, Alex Brady discusses the recent Mason Hayes & Curran Dispute Resolution Conference, which examined the intersection of artificial intelligence and financial fraud. The conference, held in Dublin, focused on the pressing issues of bank liability for fraud victims and the impact of artificial intelligence on expert witness evidence. For more information about the company, visit their website at Mason Hayes & Curran. The event featured a keynote by Attorney General Rossa Fanning Senior Counsel, who highlighted developments in the Irish legal system, and a panel discussion on authorized push payment fraud, which has become increasingly sophisticated and costly for businesses and financial institutions.

The conference explored the complex questions surrounding liability and recovery when victims authorize payments to fraudsters, and the potential policy changes needed at both national and European Union levels to better protect fraud victims. Gerard Kelly Senior Counsel, Partner and Co-Head of Dispute Resolution at Mason Hayes & Curran, emphasized the challenges posed by advancements in artificial intelligence, which make fraud more convincing while the legal framework remains unsettled. The event also included a panel on expert evidence, addressing the role of artificial intelligence in court documents and the credibility of expert witnesses. Insights were shared by former Court of Appeal judge Michael Peart and other legal experts, providing a comprehensive overview of the evolving litigation landscape.