3 AI scams to watch out for in 2024

According to BGR , 2024 will be a pivotal time for the world to realize whether artificial intelligence is really the future of computing or just a passing craze. While the real applications of AI are increasingly diverse, the dark side of this technology will also be revealed through countless scams in the coming months.

The anti-fraud experts at Scams.info have just released a list of 3 AI scams that everyone should be wary of in 2024. The general rule is to be wary of anything that is described too flashily, but the following tricks require special vigilance.

Investment scam with AI

Big companies like Google, Microsoft, and OpenAI have poured millions into AI and will continue to invest heavily this year. Scammers will take advantage of this fact to lure you into investing in shady opportunities. If someone on social media tries to convince you that AI will multiply your investment returns, think twice before opening your wallet.

Low-risk, 'good' investments never exist.

“Be wary of investments that promise high returns with low risk and make sure you do your research before committing your money,” warns Nicholas Crouch of Scams.info. New investors should also be wary of referral offers; they often operate as pyramid schemes, which only benefit the top people, with very few other participants benefiting.

Impersonating a relative

The trick of impersonating a friend or relative to borrow money is not new, when the voice imitation of the scammer is not really effective. However, with AI, this scam will become much scarier. Just a YouTube video or Facebook post with the voice of a relative, the scammer can use AI to copy perfectly. Can you tell the difference through a phone call?

AI can easily imitate your loved one's voice

Washington Post screenshot

“It is important that people protect their social media accounts to prevent scammers from capturing their voice and family information,” Crouch stressed.

Using voice to bypass security system

Some banks use voice recognition to verify users when doing transactions over the phone. For the reasons mentioned above, this method is suddenly less secure than it used to be. If you post a video or clip of your voice anywhere on the internet, a bad guy can use that content to copy your voice. As Crouch notes, banks still have other data to verify the identity of their customers, but this tactic brings the bad guys one step closer to stealing your bank account.

Voice security systems are no longer safe from the power of AI

AI has the potential to fundamentally change our lives and the way we interact with our devices. It is also the latest tool that hackers and scammers will use to attack users. So always be vigilant and always do your research before participating in any AI-related activities.

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