article thumbnail

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).

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Social Engineering 101: What It Is & How to Safeguard Your Organization

Duo's Security Blog

But as it turns out, John was a victim of a phishing scam, a type of social engineering attack where the cybercriminal impersonated John’s IT department to gain his trust and trick him into revealing his login credentials. What is social engineering? So clearly, John isn’t alone.

article thumbnail

Social Engineering 2.0: The Rise of Deepfake Phishing

SecureWorld News

And one of the most successful and increasingly prevalent ways of attack has come from social engineering, which is when criminals manipulate humans directly to gain access to confidential information. Social engineering is more sophisticated than ever, and its most advanced iteration is the topic of today's discussion: deepfakes.

article thumbnail

Lessons from a Scam Artist

Security Through Education

What does a government scam, an IT support scam and a romance scam have in common? They all use psychology and social engineering skills to convince their victims to take an action that is detrimental to them. Let’s see what lessons we can learn from scam artists to better protect ourselves.

Scams 122
article thumbnail

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.

Scams 112
article thumbnail

New AI Scams to Look Out For in 2024

Identity IQ

New AI Scams to Look Out For in 2024 IdentityIQ Artificial intelligence (AI) has quickly reshaped many aspects of everyday life. Here are three new AI scams to look out for in 2024 as well as some tips to help protect yourself and stay prepared for the explosive development of AI.

Scams 98