Security Affairs
JANUARY 3, 2024
Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams.
Schneier on Security
SEPTEMBER 12, 2019
This seems to be an identity theft first : Criminals used artificial intelligence-based software to impersonate a chief executive's voice and demand a fraudulent transfer of €220,000 ($243,000) in March in what cybercrime experts described as an unusual case of artificial intelligence being used in hacking.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Last Watchdog
OCTOBER 20, 2023
“Unauthorised transactions made with the help of lost or stolen credit cards, counterfeit cards, ID document forgery and identity theft, fake identification, email phishing, and imposter scams are among the most common types of payment fraud today.”
Security Boulevard
FEBRUARY 24, 2021
Fraud and identity theft are on the rise, with online shopping hacks and COVID-related scams popular among cybercriminals. . Fortunately, emerging trends in the financial technology sector may have the potential to turn the tide of cybercrime and keep our financial data safe. . AI fraud detection. .
BH Consulting
MAY 23, 2023
Repetition can lead people to over-disclose information, that could then put them at risk of identity theft and cybercrime. Irish Data protection and privacy newsround Recent weeks have seen privacy regulators stampede towards clamping down on artificial intelligence tools like ChatGPT (does that make it a banned-wagon?).
Adam Levin
DECEMBER 7, 2020
Many of the contact tracing scams of 2020 similarly followed social engineering scripts that have been used in taxpayer identity theft schemes since the 1990s as well. As with any potential cybercrime, deterrence here will be aided by an awareness of what deepfakes are, how they work, and what they can and can’t do.
Security Boulevard
MARCH 22, 2022
For several years, the #1 Cybercrime type has been Business Email Compromise followed by the #2 of Romance Scam. Identity Theft. The theory was that their advanced Artificial Intelligence was doing Bitcoin trading to make amazing profits. But this year, we had a change! 213,196,082. Tech Support. 347,657,432.
Expert insights. Personalized for you.
115 
Let's personalize your content