AI Fraud
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FBI Alerts of Deepfake Fraud Campaign Targeting US Officials
The FBI has warned of a fraud campaign using deepfake technology to impersonate U.S. officials, aiming to extract sensitive login information from targets. The agency advises vigilance and verification of communications to prevent falling victim to these sophisticated scams.
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FBI Reports Record $16.6 Billion Loss to Cybercrime in 2024
The FBI reported a record $16.6 billion loss to cybercrime in 2024, marking a 33% increase from the previous year. The hardest-hit demographic is older Americans, with significant losses reported. The data highlights mounting concerns over online fraud and the evolving threat of ransomware.
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Businesses Face $98.5 Million Annual Loss Due to Cyber Threats and Operational Inefficiencies
A study by FIS and Oxford Economics reveals that businesses are losing an average of $98.5 million annually due to cyber threats and operational inefficiencies, with technology companies being the hardest hit.
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AI-Driven Fraud Threats Challenge Identity Verification in Cybersecurity
As AI-driven technology becomes more prevalent among cybercriminals, firms specializing in identity verification, such as Trulioo and Microblink, face an ongoing battle to counter increasingly convincing synthetic identities and fraudulent documents, emphasizing the need for advanced AI detection methods and multilayered defenses.
