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Voice Deepfake Scams CEO out of $243,000

Adam Levin

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. While the technology to generate convincing voice recordings has been available for a few years, its remains relatively uncommon in the commission of fraud.

Scams 233
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Tech Show London: Making Dating Scams Less Attractive

IT Security Guru

Technology has transformed so many areas of our lives and relatively quickly in the grand scheme of things. From tech used to make education more accessible, for example, to the ever talked about artificial intelligence (AI) shaping many sectors, the way tech has integrated with the modern world both seamlessly and speedily is notable.

Scams 96
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Artificial Intelligence meets real talk at IRISSCON 2024

BH Consulting

In her enthusiastic talk, Korucu encouraged the 400-strong audience to use the technology, get trained in it, and learn about it – and to realise its shortcomings. “We How AI assists financial fraud One area where AI can be effective in helping criminals is in creating scams using impersonation. We overestimate AI,” she said.

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The FBI Warns About A Google Voice Scam That Is Not New, But Still Finding Plenty Of Victims

Joseph Steinberg

The FBI recently warned the public that many people are still falling prey to a Google Voice scam that the FTC warned about months ago. Here is what you need to know to keep yourself safe: What is the common Google Voice scam about which the FBI warned? What if you already were scammed?

Scams 321
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Top 5 Risks of Artificial Intelligence

IT Security Guru

Artificial intelligence (AI) technology functions in a manner that helps ease human life. Discussed below are the top five risks of artificial intelligence. Threat actors can leverage the same AI tools meant for human good to commit malicious acts like scams and fraud.

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Scammers Steal Over $25 Million By Using AI Deepfake Video Call To Convince Suspicious Employee That A Phishing Email Is Legitimate

Joseph Steinberg

Scammers stole over $25 million from a multinational business by utilizing cutting-edge real-time video deepfake technology to convince an employee in the firm’s accounts-payable department that the worker had properly validated a payment request previously sent to him via email. Million USD at the time of the theft and at present).

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Beware Fraudulent Emails, Websites, and Faxes Bearing Names Of Real Attorneys And Law Firms

Joseph Steinberg

Criminals are impersonating attorneys and law firms as part of sophisticated versions of classic “Nigerian Prince” scams. Nigerian Prince type scams have existed for decades, and are conceptually similar to much older scam variants, including some that proliferated en masse after the French Revolution.

Scams 363