Over 52% Indian cos saw increase in losses from AI fraud attacks in past year: Report - The Arabian Stories News

After the launch of the National AI Supervision Plan, an anti-fraud craze has been set off across the country. The Meiya Jianzhen platform mini program has been connected to the government platforms of many provinces and has been officially recommended. The Kunming Anti-Fraud Center shares five tips to stay away from AI fraud: verify the identity of acquaintances, be wary of official calls, identify false evidence, guard against investment scams…

CFTC warns of rising AI-facilitated financial frauds

In a crucial update from the CFTC, the OCEO has issued a warning about the growing use of generative AI in fraud schemes. The advisory, titled “Criminals Increasing Use of Generative AI to Commit Fraud,” sheds light on how criminals are leveraging AI to forge convincing scams involving fake images, voices, videos, and even live-streaming video chats. These fraudulent activities also extend to the creation of deceptive social media profiles and w…

Over 52 % Indian cos saw increase in losses from AI fraud attacks in past year: Report - IndiaPost NewsPaper

NEW DELHI: The advent of Artificial Intelligence (AI) has amplified fraud activities with over 52 per cent of companies in India seeing an increase in losses from fraud attacks in the past one year, according to the data and technology firm Experian. The report observes that about 85 per cent of businesses in India agree that because of the GenAI the individual fraudsters have become a highly organised fraud syndicates. The report by the firm sa…

Over 52% Indian cos saw increase in losses from AI fraud attacks in past year: Report - The Arabian Stories News

NEW DELHI : The advent of Artificial Intelligence (AI) has amplified fraud activities with over 52 per cent of companies in India seeing an increase in losses from fraud attacks in the past one year, according to the data and technology firm Experian.The report observes that about 85 per cent of businesses in India agree that because of the GenAI the individual fraudsters have become a highly organised fraud syndicates.The report by the firm say…