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Artificial Intelligence is the buzzword of the year, beating out even "blockchain" and "add oil." A company that claims to be at the front of the pack when it comes to AI is Google. But, as this case shows, it doesn't matter what your algorithms do if what they do isn't properly targeted and the correct action results. It also demonstrates why financial institutions should be very wary of relying on technology which is, at best immature and at worst experimental.

In the meantime, Google and Microsoft, let's bypass the intermediary and you can just send us the "($1,000,000.00) One Million United States Dollars" today. Thank you.

BIScom Subsection: 

It is often said (by our boss, Nigel Morris-Cotterill) that those who succumb to Nigerian (419) frauds are either greedy or stupid. And that old scams never die, they just hibernate for a while and that spam-scammers often time their contact to hit while people are in a sanguine or relaxed state of mind. This spam-scam, he says, proves all of that.