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Hong Kong Clerk Defrauded of $25 Million in Sophisticated Deepfake Scam

SecureWorld News

As artificial intelligence continues advancing at a rapid pace, criminals are increasingly using AI capabilities to carry out sophisticated scams and attacks. Technologies that synthesize realistic fake media, known as deepfakes, are among the newest tools being deployed to enable fraud.

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Voice Cloning Conundrum: Navigating Deepfakes in Synthetic Media

SecureWorld News

Introduction The inaugural issue of AI-Cybersecurity Update set the stage for a broad discussion on the transformative impacts of artificial intelligence on cybersecurity. As AI technologies continue to advance, their integration into daily security protocols and strategies becomes more critical and complex.

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The Rise of AI Social Engineering Scams

Identity IQ

The Rise of AI Social Engineering Scams IdentityIQ In today’s digital age, social engineering scams have become an increasingly prevalent threat. In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC). This was a 3% increase compared to the previous year.

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Microsoft introduces voice copying AI tool

CyberSecurity Insiders

Microsoft, the technology giant of America, has achieved a new milestone in Artificial Intelligence by introducing a voice mimicking AI tool dubbed ‘Vall-E’. Thus, like deep fake technology, where a face can be pasted onto a subject’s face in a video, Vall-E can also imitate and interpret a human voice.

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News alert: AI-powered web scrapers from Oxylabs are breaking new ground in fraud detection

The Last Watchdog

“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.” Cloud technologies also play an important role in the latest anti-fraud developments.

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Unmasking Crypto Scams: The Team Effort Behind the Con

Digital Shadows

In this blog, we’ll take a look at the components of a crypto scam, including investors, designers, developers, and marketers, as well as a few interesting trends that characterize this black market. Ocean’s Crypto: Putting the Team Together Crypto Scam Investors Starting a cryptocurrency scams require a significant amount of capital.

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The Impact of AI-assisted Call Spoofing and What We Can Do About It

Thales Cloud Protection & Licensing

Financially motivated criminals take advantage of the pervasiveness of technology and the lack of sufficient insight to manipulate feelings and emotions and perhaps get away with hundreds of thousands of dollars per victim. Voice scams are primarily successful with older people, as another episode of 60 Minutes Australia demonstrated.

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