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Listen to These Recordings: Deepfake Social Engineering Scams Are Scaring Victims

Security Boulevard

Deepfake social engineering scams have become an increasingly scary trend among cybercriminals to socially engineer victims into submission. The threat actors are using Artificial Intelligence (AI) and Machine Learning (ML) voice cloning tools to disperse misinformation for cybercriminal scams.

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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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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).

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IdentityIQ Scam Report Reveals Shocking Stats on AI Social Engineering

Identity IQ

IdentityIQ Scam Report Reveals Shocking Stats on AI Social Engineering IdentityIQ AI social engineering scams are on the rise, according to IDIQ Chief Innovation Officer Michael Scheumack. “AI-based There’s been an astonishing 58% surge in scams tied to the popular payment apps we rely on.

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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. The scam began with the employee receiving a phishing message purportedly from the company's chief financial officer requesting an urgent confidential transaction.

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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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Cybersecurity Event Cancelled After Being Hit By Cybercriminals

Joseph Steinberg

An online cybersecurity event with 2,500 people already logged in had to be cancelled after suspected cybercriminals launched a social engineering attack in the event’s chat window.