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International Business Times UK
International Business Times UK
Business
Akshay Puri

Using AI for Financial Advice? Experts Warn Against Sharing Your Bank Statements Without Doing This

Experts warn AI chatbots may expose sensitive financial information online.

Artificial intelligence is rapidly becoming the new financial adviser for millions of people struggling with rising costs, debt and shrinking savings. From budgeting help to debt repayment plans, AI chatbots are now offering instant financial guidance at no cost.

But cybersecurity and privacy experts are warning that uploading bank statements, tax returns or credit card bills into AI systems could expose users to serious fraud and identity theft risks.

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