The advent of AI has undoubtedly simplified life, but this advanced technology also comes with certain downsides that you should be aware of. Are you aware of the various frauds being perpetrated against people with the help of AI? Today, we will discuss some of these frauds, where AI technology is utilized to swindle people.
Scammers can use AI in several ways, such as creating new types of software and analyzing fraud defenses of companies, etc. Scammers targeting people often use generative AI.
Voice Cloning Scam
Some AI tools excel at cloning a voice from a short video of a person speaking. Scammers can create copies of your loved ones’ voices and call you, demanding money. Such scams are often seen targeting the elderly because scammers portray that their grandchildren are in trouble to ensnare them.
Deepfake Video Scams
Deepfake videos are AI-generated videos featuring people who appear completely real, making them very believable (original). Especially when combined with cloned voices. Scammers use deepfake videos of celebrities; sometimes, the videos are directly posted on social media, leading people to websites where scammers collect personal information.
AI-Generated Websites
Scammers can use AI to create websites and then send you website links via email or post links on social media. Fake online stores may offer heavy discounts on popular products to lure people and may run limited-time sales to prompt immediate purchases. After this, scammers can steal your payment details and sell them or even empty your account.