By now, you’ve likely heard of fraudulent calls that use AI to clone the voices of people the call recipient knows. Often, the result is what sounds like a grandchild, CEO, or work colleague you’ve known for years reporting an urgent matter requiring immediate action, saying to wire money, divulge login credentials, or visit a… Read More »
AT&T is rolling out a protection that prevents unauthorized changes to mobile accounts as the carrier attempts to fight a costly form of account hijacking that occurs when a scammer swaps out the SIM card belonging to the account holder. The technique, known as SIM swapping or port-out fraud, has been a scourge that has… Read More »
reader comments 148 On Wednesday, federal prosecutors charged a North Carolina musician with defrauding streaming services of $10 million through an elaborate scheme involving AI, as reported by The New York Times. Michael Smith, 52, allegedly used AI to create hundreds of thousands of fake songs by nonexistent bands, then streamed them using bots to… Read More »
Enlarge / A photo of “Willy’s Chocolate Experience” (inset), which did not match AI-generated promises, shown in the background. reader comments 126 On Saturday, event organizers shut down a Glasgow-based “Willy’s Chocolate Experience” after customers complained that the unofficial Wonka-inspired event, which took place in a sparsely decorated venue, did not match the lush AI-generated images… Read More »
reader comments 6 with After years of inaction, the FCC this week said that it’s finally going to protect consumers against a scam that takes control of their cell phone numbers by deceiving employees who work for mobile carriers. While commissioners congratulated themselves for the move, there’s little reason yet to believe it will stop… Read More »
Enlarge / Bitcoin laundering concept vector illustration. reader comments 52 with 41 posters participating Share this story Federal prosecutors have recovered $3.36 billion in bitcoin that was stolen a decade ago from Silk Road, the dark web bazaar responsible for distributing massive quantities of illegal drugs and other illicit goods and services to people worldwide.… Read More »
Enlarge / Ally debit card owners are reporting fraudulent charges at a steady cadence over the past week. Getty Images reader comments 106 with 71 posters participating Share this story Ben Langhofer, a financial planner and single father of three in Wichita, Kansas, decided to start a side business. He had made a handbook for… Read More »