There has been an increase in “selfie spoofing” scams, or scams in which a fraud actor takes a target’s selfie in order to authenticate a stolen identity and open fraudulent accounts.
Cybercriminals can trick business owners and employees into disclosing sensitive information like credentials and passwords, eventually resulting in data breaches and ransomware installations on a business’s network.
A new survey found that fraud attacks on call centers are on the rise, based on growth from 2021 to 2022, with financial industry respondents noting an even more acute increase.
Generative AI can create efficiencies that will increase productivity, improve internal operations and enhance creativity. Yet, the evolution of large language models and the use of generative AI can open doors for fraudsters.