The Rise of AI in Scams: A New Challenge in Fraud Prevention
Generative artificial intelligence (AI) technologies like ChatGPT and deepfake software have revolutionized scams in 2024, leading to more convincing frauds. From a $25 million loss in a deepfake video call scam to romance frauds using advanced text generation, the sophistication of these scams highlights the need for increased awareness and skepticism. As AI evolves, so must our strategies for fraud detection and prevention.