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AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

Introduction: A high-tech twist on age-old scams Impersonation fraud is not new, but the scale and believability of recent AI-driven schemes pose an unprecedented threat to financial organizations. In 2025, U.S. Figure 1: Projected U.S. RELATED: Marco Rubio Impersonation Reveals Growing Threat of AI-Powered Attacks ] Figure 2.

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16 billion passwords leaked across Apple, Google, more: What to know and how to protect yourself

Zero Day

And while financial costs may be a factor, individual victims may face targeted phishing campaigns, social engineering schemes, identity theft, and damage to credit. You must also inform your bank or financial services provider so they can be on the lookout for suspicious and fraudulent transactions.

Passwords 101
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Heard about the 16 billion passwords leak? Here are the facts and how to protect yourself

Zero Day

And while financial costs may be a factor, individual victims may face targeted phishing campaigns, social engineering schemes, identity theft, and damage to credit. You must also inform your bank or financial services provider so they can be on the lookout for suspicious and fraudulent transactions.

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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “In the vast majority of these cases, the banks did not repay the customers that reported being scammed.

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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

Social engineering – specifically malicious cyber campaigns delivered via email – remain the primary source of an organization’s vulnerability to attack. Social engineering is a profitable business for hackers – according to estimates, around 3.4 billion phishing e-mails get delivered every day.

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ChatGPT and How Generative AI Is Changing the Attack Landscape

SecureWorld News

In the recent SecureWorld Financial Services virtual conference , Mike Britton and Dan Sheiber of Abnormal Security joined Adam Pendleton, CISO of LendingPoint, to discuss ChatGPT's impressive capabilities. But it is powerful, and the danger lies with what can be done using the chatbot tool.

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Group-IB uncovers PerSwaysion – sophisticated phishing campaign targeting executives worldwide

Security Affairs

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. The account access could be sold in bulk to other cybercriminals to conduct traditional monetary scams.

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