Criminals are increasingly turning to artificial intelligence to create fake audio and video, imitating the voices of real people for fraud purposes. With the help of this technology, they pretend to be employees of banks and company managers, demanding the transfer of funds or disclosure of confidential data.
About this informs The Wall Street Journa.
American banks are actively developing their own AI systems to combat new fraud schemes, but criminals are still one step ahead. Damages from such attacks in the US reached a record $10 billion in 2023.
Only 5% of victims report their losses, so real losses can reach $200 billion.
Major US banks, including JPMorgan Chase, are developing their own AI systems to detect new fraud schemes, but criminals are currently one step ahead. They attack more and more people, and the amounts of stolen funds are constantly growing.
Fraudsters actively use the tools of large language models to collect personal data on social networks and generate personalized messages on behalf of trusted individuals to convince users to hand over money or sensitive information. Criminals also use AI to automate the hacking of online accounts, checking whether the obtained data is suitable for accessing other victims’ accounts – bank accounts or social media profiles.
Hackers use large language patterns to harvest personal information from social networks and create persuasive messages on behalf of trusted individuals. AI also helps them automate the hacking of online accounts. Recent research has shown that language patterns can be tricked into doing dangerous things, making them a powerful tool in the hands of attackers.
