With AI at their disposal, financial scammers are on the rise

With AI at their disposal, financial scammers are on the rise • Georgia Recorder

Technology is making it easier to pull off financial crimes, and the U.S. is lacking a central agency to track them, experts say. (Getty Images)It started with a seemingly routine reminder for Nancy Hall to update her Norton antivirus software. The 69-year-old Philadelphia resident sat down at her laptop to file her taxes recently and was prompted to call a number that was said to be the software company’s customer support. She had been hacked, …

With AI at their disposal, financial scammers are on the rise

Technology is making it easier to pull off financial crimes, and the U.S. is lacking a central agency to track them, experts say. (Getty Images)It started with a seemingly routine reminder for Nancy Hall to update her Norton antivirus software. The 69-year-old Philadelphia resident sat down at her laptop to file her taxes recently and was prompted to call a number that was said to be the software company’s customer support. She had been hacked, …

With AI at their disposal, financial scammers are on the rise • Michigan Advance

Technology is making it easier to pull off financial crimes, and the U.S. is lacking a central agency to track them, experts say. (Getty Images)It started with a seemingly routine reminder for Nancy Hall to update her Norton antivirus software. The 69-year-old Philadelphia resident sat down at her laptop to file her taxes recently and was prompted to call a number that was said to be the software company’s customer support. She had been hacked, …

How Scammers Use AI in Banking Fraud

AI has empowered fraudsters to sidestep anti-spoofing checks and voice verification, allowing them to produce counterfeit identification and financial documents remarkably quickly. Their methods have become increasingly inventive as generative technology evolves. How can consumers protect themselves, and what can financial institutions do to help? AI enabled the largest successful impostor… Source