Artificial deceit revealed: uncovering a fresh surge in AI-driven automated call scams
In the ever-evolving landscape of cybersecurity, the focus in combating AI-assisted fraud is gradually shifting towards the human element and defensive digital driving. This shift is a response to the increasing use of advanced AI by cybercriminals, particularly in creating lifelike robocalls that pose a significant threat.
A case study from Hong Kong serves as a stark reminder of the potential financial losses that can result from such convincing impersonations. In early 2024, an unnamed Chief Revenue Officer fell victim to a deepfake scam, where the fraudster impersonated the company's Chief Financial Officer during a video conference, resulting in a loss of over $25 million USD.
To protect against such fraudulent activities, cybersecurity experts and regulatory bodies, including the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC), are taking significant steps. The FCC has issued a decision prohibiting the use of AI-generated voices in robocalls, a move aimed at protecting consumers from these evolving tactics of fraudsters.
Similarly, the FTC has proposed new rules to combat AI impersonations of individuals. These rules are designed to strengthen consumer protection and build trust in communication, which has been undermined by deepfakes.
In addition to these regulatory actions, strong passwords and two-factor authentication for online accounts are essential for protecting against AI-assisted fraud. Verifying the authenticity of requests from alleged representatives of companies or agencies is also crucial. Utilizing call-blocking tools and registering for the "Do Not Call List" can prevent telemarketing calls.
Onapsis, a leading cybersecurity firm, is at the forefront of this battle. The Onapsis Threat Research Team is actively engaged in combating AI-assisted fraud, continually monitoring new threats, developing detection and prevention strategies, and educating the public about these evolving tactics.
The FCC's ban and the FTC's new rules represent part of a comprehensive approach to tackle AI-related challenges in fraud and deception. Filing a complaint with the FCC or FBI for suspicious calls can help protect against AI-assisted fraud.
In the end, the human element remains a crucial defensive line against AI-assisted fraud. As technology continues to advance, it is essential that we remain vigilant and informed, working together to combat these threats and protect our digital world.
Learn how Onapsis can help you strengthen your cybersecurity measures and stay ahead of the curve in the fight against AI-assisted fraud.
