Generative AI Fakes Emails
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AI fraudFox News
•Technology
Technology
GenAI, the future of fraud and why you may be an easy target
64% Informative
Since 2020 , phishing and scam activity has increased by 94% , with millions of new scam pages appearing monthly .
Experts estimate losses from AI -powered scams will reach $40 billion in the U.S. by 2027 .
Fraudsters use generative AI to "supercharge" existing techniques while enabling entirely new types of fraud.
With just three seconds of audio, fraudsters can create a convincing replica of your voice using AI .
As AI technology advances, gen-AI scams will only become more sophisticated.
As a precautionary measure, set up your own verification protocols to prevent fraud.
Choose strong, unique passwords for each account and enable 2FA on all accounts.
Use a strong antivirus software to protect yourself from malicious links that install malware, potentially accessing your private information.