FRAUDS AND SCAMS INVOLVING AI-DRIVEN TECHNOLOGY IN 2023

Fri 22 December 2023:

As 2023 draws to a close, the technology sector has seen tremendous breakthroughs, but there has also been a rise in online crime and scams.

Artificial intelligence (AI) has become an inescapable element in our lives, bringing convenience and, ironically, a number of sophisticated ways to carry out fraud from the comforts of our homes.

Here we bring to you five noteworthy online scams which made headlines throughout the year 2023:

QR code scam

Even the QR codes were not left out of the fraudulent activities this year. The Scammers have used fraudulent QR codes to redirect the users to phishing pages and malware sites, making it vulnerable to various forms of fraud. Personal details were at risk as the scammers were exploiting the unsuspected individuals who scanned these codes.

YouTube videos like scam

Someone will text you over WhatsApp (with +1 country code) earning money through YouTube videos. The deceptive schemes have promised individuals monetary rewards for watching and liking videos. These scams further aimed at 0exploiting users, by making them unwitting participants in fraudulent activities.

AI fake call scam

The scammers execute a new form of deception by using AI technology, where the scammers make calls and video calls to the users with explicit voices of individuals known to the victim, often to the family members.

Fake job scam

With the rising number of unemployment, scammers have used the concern to leverage the opportunity by offering fake employment to the users. The scam involved creating fictitious jobs by postings, enticing individuals to share personal details for a non-existent job and many fell victim to this deceptive tactic.

WhatsApp call scam

This year, scammers found a new way to deceive users via WhatsApp calls. Several users have reported receiving calls from international numbers on WhatsApp, where they were asked for personal details. Scammers have exploited the trust associated with WhatsApp calls, by posing as a potential employer to extract sensitive details from victims.

Exploiting this familiarity, the frauds will convince people to transfer money in the form of urgent needs and important matters.

Even if technology is constantly improving and improving our lives, we still need to be on the lookout for the increasing number of frauds and scams.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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