The latest tactic used by threat actors has been deepfakes, where a cybercriminal may exploit the audio and visual media for their use in conducting extortions and other frauds. In some cases, fraudsters have used AI-generated voices to impersonate someone close to the targeted victim, making it impossible to realize they are being defrauded.
According to ABC13, the most recent instance of this included an 82-year-old Texan called Jerry who fell victim to a scam by a criminal posing as a sergeant with the San Antonio Police Department. The con artist informed the victim that his son-in-law had been placed under arrest and that Jerry would need to provide $9,500 in bond to be released. Furthermore, Jerry was duped into paying an extra $7,500 to finish the entire process. The victim, who lives in an elderly living home, is thinking about getting a job to make up for the money they lost, but the criminals are still at large.
The aforementioned case is however not the first time where AI has been used for fraud. According to Reuters, a Chinese man was defrauded of more than half a mil
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