Australian organized criminals utilize advanced AI to create sophisticated scams, impersonating influential figures for financial gain.
Organized criminals in Australia are using advanced AI tools to create increasingly sophisticated scams, making them harder to spot. These scams involve the use of AI-generated audio clips and videos to impersonate influential figures, directing victims to transfer large sums of money. The use of AI in scams is on the rise, with investment and job scams being the most common. Despite regulatory efforts, industry experts believe that criminals will always be one step ahead, using AI to create increasingly convincing and targeted scams. Australians lost over $77 million from reported scams in the March quarter, down from the previous quarter's $80 million.
August 24, 2024
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