As the year 2024 unfolds, the realm of artificial intelligence (AI) is set to witness both groundbreaking advancements and, unfortunately, an increase in deceptive schemes preying on the public’s curiosity. While legitimate use cases for AI abound, anti-fraud experts from Scams.info have identified three AI-related scams that individuals should be vigilant about in the coming months.
- Investment Fraud AI Scams: Scammers Exploit AI Enthusiasm, Promising High Returns Pose Significant RisksWith major companies like Google, Microsoft, and OpenAI investing heavily in AI, scammers see an opportunity to lure unsuspecting victims into shady investment schemes. Individuals should exercise caution when encountering propositions that promise extraordinary returns with minimal risk. Nicholas Crouch from Scams.info advises potential investors to conduct thorough research before committing funds, particularly warning against opportunities that involve recruiting new investors, often indicative of Ponzi or pyramid schemes.
- Impersonating Loved Ones with AI: AI-Powered Voice Replication Poses New Threats to Personal SecurityTraditional scams involving impersonation of friends or family members may become more sophisticated with the use of AI. Scammers could leverage AI to replicate the voice of a loved one by utilizing audio or video content available on social media platforms. Protecting social media accounts and limiting access to personal information is crucial to thwart potential scammers attempting to exploit AI for deceptive practices.
- Voice-Based Security Bypass with AI: AI-Enhanced Voice Copying Raises Concerns for Banking SecurityAs some banks employ voice identification for phone-based transactions, the rise of AI poses new challenges to the security of these systems. With the ability to replicate voices from online content, scammers may attempt to bypass security measures. While banks utilize additional data for identity verification, individuals are urged to be cautious about sharing personal audio or video content online to mitigate the risk of unauthorized access to sensitive information.
While AI holds transformative potential, it is essential for individuals to stay vigilant, exercise discernment, and conduct thorough research before engaging with AI-related opportunities to avoid falling victim to emerging scams.
