CyberSafe Foundation’s Post

For a financial institution initiating a strategy against AI fraud, the first step is to make an inventory of all the touch points they have and conduct a vulnerability assessment. Determine all the possible risk areas that could be subject to a fraud attempt, such as the new account opening processes or login controls. Don’t forget about money movement, changes in user behavior, and brand-new patterns of usage. Read more: https://ow.ly/gqXW50Uk4wW #payments #AI #fraud #fraudmitigation #imposterscams

Fake IRS Agents are Coming for Your Money – Here's How to Spot Them Due to advancements in AI, fraudulent scams are becoming harder to spot. However, there are often signs of fraud or deepfakes if you know what to look for. Technical clues to spotting deepfakes — You must listen carefully. ➡️ Unnatural voice quality ➡️ Odd inflections and phrasing ➡️ Inconsistencies in background noise Other clues to spotting deep fakes: ➡️ Urgency and emotional pressure – e.g., you must . . . or you will be arrested. ➡️ Unusual requests – e.g., meet at the bank. ➡️ Out of the blue contact – e.g., we are doing a favor and must do this immediately. The Takeaway: Critically evaluating the information you are given and thinking twice before acting can make the difference between foiling a sophisticated scam and falling victim to it. #KevinMcKernan #McKernanLaw #StatenIsland #StatenIslandAttorney #IRS #FraudPrevention #AI #Scams #FraudProtection

AI-powered scams are getting terrifyingly sophisticated. Imagine receiving a distressing call from a loved one asking for money, only to find out it was a scammer using deepfake voice technology. This is just one example of how AI is revolutionizing fraud. From bypassing identity checks to creating convincing fake content, the landscape of scams is evolving rapidly. Protect yourself by verifying suspicious calls through a known contact method and staying informed about the latest scam tactics. https://lnkd.in/dWtriwJG

Following on from Part 1 shared yesterday, here's Part 2: 📢 Beware of AI-generated deepfake videos! Fraudsters are using these tools to perpetrate payment fraud.

Artificial intelligence is unlocking incredible opportunities for businesses, but it’s also giving scammers and fraudsters new ways to operate. Staying informed is crucial. Check out our latest article on emerging AI-driven scams you might not be aware of: https://ow.ly/FuXE30sFB0J. #AmericanBank #TXBank #AIFraud #AIScams #Insights

🚨 Beware of AI-Driven Scams 🚨 Imagine getting a call from your mother tomorrow, saying she’s been in an accident, and your father is critically injured. She’s using someone else’s phone and urgently needs money to start his treatment. Without thinking twice, most of us would send the money. But what if this heartbreaking scenario is part of an advanced scam—powered by AI? Scammers are now using AI to mimic voices and create convincing emergencies to prey on our emotions. As these scams become more sophisticated, it’s critical that we stay vigilant, verify the source, and take preventive measures. 💡 Stay safe: - Always verify the person before transferring money - Educate your loved ones about these new scams - Share a security code with close family members Let’s stay one step ahead of the scammers! #AIFraud #StaySafe #DigitalSecurity #ScamAlert #ProtectYourself

🦑 What's lurking in your journey data? It could be a number of things: ▪️ Organized fraud rings ▪️ Malicious AI agents ▪️ Runaway promotion abuse ▪️ Compromised account networks ▪️ Systemic refund abuse ▪️ Marketplace collusion Until you look, you won’t know. At Spec, we leverage journey data to detect and stop attackers before they impact your business. We’ll be at #MRCVegas24 in 5 days! Stop by and get a private demo. We’ll also be speaking alongside Sidharth Shah and Matt Vega about using journey data to detect and stop the rapidly growing trend of “virtual fraud farms” powered by AI agents. See you there! #fraudprevention #customerjourney

🚨 𝗔𝗹𝗲𝗿𝘁: 𝗥𝗶𝘀𝗶𝗻𝗴 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 𝗙𝗿𝗮𝘂𝗱! 🚨 Scammers use AI to create deepfakes and fake news, impersonating celebrities to promote scams. Stay vigilant: 𝗩𝗲𝗿𝗶𝗳𝘆: Always check celebrity-endorsed schemes through official channels. 𝗕𝗲 𝗖𝗮𝘂𝘁𝗶𝗼𝘂𝘀: Doubt unusual requests from friends. 𝗔𝗰𝘁 𝗦𝗹𝗼𝘄𝗹𝘆: Resist urgent financial offers on social media. 🛡️ Protect yourself: Use strong passwords and two-factor authentication. If suspicious, change passwords and inform your bank. Read more here ➡️ https://lnkd.in/epPa-erW #Scam #Fraud

Exciting news in the fight against phone scams! Meet "Nana," the innovative AI-powered chatbot designed to waste scammers' time and protect vulnerable individuals from fraud. Developed through a collaboration between Robokiller and Anthropic, this cutting-edge technology engages scammers in lengthy conversations, significantly reducing their capacity to target real victims. Phone scams continue to be a major issue, with Americans losing over $39.5 billion to phone scams in 2022 alone. The elderly are particularly vulnerable, accounting for a disproportionate share of these losses. By leveraging AI for social good, we can make a real impact in protecting our most vulnerable communities. Nana represents a promising step forward in the battle against fraud. By occupying scammers' time and resources, we can potentially reduce financial losses and protect countless individuals from falling victim to these schemes. This development raises important questions about the role of AI in society: - How else can we harness AI to combat fraud and protect vulnerable populations? - What are the ethical considerations in using AI to interact with scammers? - How can we balance innovation with responsible AI development? I'm eager to hear your thoughts on this exciting use of technology for social good. Let's discuss how we can continue to innovate in the fight against fraud and protect our communities. #AIforGood #FraudPrevention #TechInnovation #EthicalAI #ElderProtection Read the Full Article: https://lnkd.in/eqik8gpu

The fraud landscape is evolving rapidly, forcing businesses to stay vigilant against increasingly sophisticated tactics. A recent global identity fraud report sounded the alarm—social media fraud soared 21% recently, fueled by novel slowbot and flash attack methods. 👉 https://buff.ly/3PFkfTs #identityverification #biometrics #zbiasai #digitaltransformation #ethicalai #algorithmicbias #idverse #zerobiasai #ai #idv #onboarding #authentication #biometrics #compliance #generativeAI