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Cryptocurrency scams alone cost victims over $7 billion, while AI-enabled fraud threats are on the rise, says FBI
The OpenID Foundation warns that fragmented policies on posthumous digital accounts could open the door for fraudsters to exploit AI deepfakes
Pindrop warns of 1210% increase in AI-powered fraud last year
Also: Samourai Wallet Co-Founders' Guilty Plea, Coinbase Loss From Data TheftThis week, Tornado Cash co-founder convicted, Samourai Wallet guilty plea, Coinbase insider data theft, a U.S. court overturned an OpenSea executive's fraud conviction, AI-written malware stole crypto, Credix exploit, CZ sought dismissal of FTX claim, July hacks and a FinCEN crypto ATM warning.
The FBI warns that scammers are increasingly using artificial intelligence to improve the quality and effectiveness of their online fraud schemes, ranging from romance and investment scams to job hiring schemes. [...]
Google has revealed that bad actors are leveraging techniques like landing page cloaking to conduct scams by impersonating legitimate sites
Department Says It May Contribute Its Own Data for Training ModelsThe widespread advent of artificial intelligence is opening a fraud detection capability gap between large and small financial institutions, the U.S. Department of the Treasury warns, suggesting that it may use its own historical data to narrow the divide.
AI Is Also Making Traditional Scams More Convincing, Warns VisaArtificial intelligence technologies such as generative AI are not helping fraudsters create new types of scams. They are doing just fine relying on the traditional scams, but the advent of AI is helping them scale up attacks and snare more victims, according to researchers at Visa.
NCSC warns of AI-generated scams in run-up to Christmas