AI startup deploys undercover agents to waste scammers' time and gather fraud intelligence
Apate, an Australian startup founded in 2024 on research from Macquarie University in Sydney, is deploying thousands of AI agents that pose as potential scam victims to waste fraudsters' time and gather actionable intelligence. The company says its undercover agents have already occupied 17 years' worth of scammers' time across 2.5 million conversations, feeding data to banks, telecom companies, government agencies and utilities to inform their anti-fraud measures.
