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Industry experts at a Broadband Breakfast panel discussed how anti-fraud tools are struggling to keep pace with scammers exploiting cheap internet calling and AI, emphasizing that authentication frameworks like STIR/SHAKEN must be combined with other defenses.
Researchers found that AI chatbots can build trust more effectively than humans in pig butchering scams, with nearly half of test subjects complying with AI requests versus fewer than one in five with humans, suggesting AI could soon take over the long-con stage of fraud.
Savi Security launches an app to protect consumers from AI-generated scams, such as voice-cloning kidnapper ransoms, after the founders' mother nearly fell for such a scam. The startup raised $7 million in seed funding.
Google is suing a Chinese cybercrime network called Outsider Enterprise for using AI, including its own Gemini, to run massive phishing scams that have victimized hundreds of thousands of people and caused billions in losses.
ChatGPT's search results have been found to direct shoppers to fake versions of Russell & Bromley and Dunelm stores, leading to financial fraud. The issue was reported by Ask Silver and highlights the risks of AI-generated recommendations.
Serus launches a privacy platform that helps users discover, control and remove personal data exposed across hundreds of sites and combat AI-generated scams and deepfakes.