The anatomy of a scam: How AI and the dark web fuel financial schemes, and ways to stay safe
Scammers use AI and deepfake technology to create sophisticated financial scams, making it harder to distinguish reality from deception. Cybercriminals collect personal data from social media, public records, and the dark web to build convincing attacks.
Scammers target consumers, not just banks, using AI and deepfake technology to create sophisticated financial scams. They collect personal data from social media, public records, and the dark web to build convincing attacks. Cybercriminals use fake emails, texts, or calls that look or sound legitimate, as well as deepfakes and synthetic media to impersonate people you know and trust. They exploit natural human responses like urgency, distraction, fear, or the promise of a big reward to pressure victims into making quick decisions. Using unique, strong passwords for every online account is vital to prevent credential theft. According to Sarah Gosler, a cybersecurity leader at Wells Fargo, consumer awareness is a critical component of strong cybersecurity.
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