Generative AI and Financial Fraud
The FBI has issued an alert about the use of Generative AI by criminals to commit financial fraud. AI is being used to create fake copies of individuals – including video and voice – to prey on relatives, and they are extending that fraud into the financial sector.
The FBI alert contains many tips on spotting fraud and is available on their website at https://www.ic3.gov/PSA/2024/PSA241203.