Scammers are leveraging the rapid advancements in AI technology to develop increasingly sophisticated schemes. With the easy accessibility of AI tools, even novice fraudsters can produce realistic images, text, and videos to deceive their victims.
AI-generated images are often used in fake dating profiles, while text generators create authentic-looking content for fraudulent websites. Additionally, advanced scammers use deepfake videos of company representatives or public figures to enhance their credibility.
The potential of generative AI is immense, and fraudsters are constantly seeking new ways to exploit this technology. One of the most notable trends in 2024 is the rise of artificial intelligence (AI) and its growing usage, both in Australia and globally.
Unfortunately, fraudsters are also capitalizing on this trend to carry out their deceptive activities. According to Scamnews.info, anyone with internet access can now use AI to generate images or text using tools that seemed impossible just a few years ago.
While AI technology is widely utilized for beneficial purposes, it has also been adopted by scammers to target everyday individuals. Common uses of AI in fraud include generating text or images.
AI image generators can create photos for dating profiles used by romance scammers, while text generation tools can produce convincing content for fake investment websites.
Advanced fraudsters may even employ deepfake videos of company employees or public figures to appear more legitimate. This new wave of AI-driven fraud highlights the need for increased awareness and vigilance among internet users to protect themselves from these sophisticated scams.