News Post

AI is helping scammers outsmart you—and your bank

Livemint

· 1m
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Scammers are increasingly using AI tools to carry out more sophisticated and convincing fraud schemes. AI can help scammers create more realistic conversations, imitate voices, and even generate personalized messages to trick victims into sending money or sharing sensitive information. These tactics are harder to spot as they bypass traditional scam indicators. Additionally, scammers are leveraging AI to target larger groups and make use of personal information to make their scams appear more legitimate. Financial institutions are utilizing AI to combat these fraud attempts, but users should remain cautious and avoid sharing personal and financial details unless certain of the recipient's identity.

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