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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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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

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.

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GUEST ESSAY: A DIY guide to recognizing – and derailing – Generative AI voice scams

The Last Watchdog

Americans lost a record $10 billion to scams last year — and scams are getting more sophisticated. Google searches for ‘AI voice scams’ soared by more than 200 percent in the course of a few months. Google searches for ‘AI voice scams’ soared by more than 200 percent in the course of a few months. Test their reactions.

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How to Avoid Being Scammed When Giving Charity

Joseph Steinberg

While evildoers perpetrate charity-related scams throughout the year, they know that the holiday spirit in general, and the concentrated focus on charity on Giving Tuesday specifically, both improve their odds of success. Here are 9 ways to protect against charity-related scams: 1. Confirm that a charity is real.

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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

The worker however, was aware of phishing scams, and was suspicious that the request from the firm’s CFO to issue the $25 Million payment was fraudulent. The reality is, however, that artificial intelligence (AI) has reached the point that no person is immune to such forms of trickery.

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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. The post Voice Deepfake Scams CEO out of $243,000 appeared first on Adam Levin. Security experts worry the exploit could spark a new trend. . “[W]e’re

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AI Voice Scam

Schneier on Security

Scammers tricked a company into believing they were dealing with a BBC presenter. They faked her voice, and accepted money intended for her.

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