Tag: scams

Deepfake, AI scams- Govt warns about fake ads on social media
9Apr By adminNo Comments
Technology

Deepfake, AI scams- Govt warns about fake ads on social media

[ad_1] Social media platforms have observed a surge in counterfeit advertisements, as reported by various sources. The government has initiated collaborations with intermediaries to combat this escalating issue. Recently, a cautionary message was disseminated by the government to certain citizens, including a member associated with a prominent technology entity. The advisory warned individuals about the proliferation of fake advertisements potentially utilizing deepfake technology to perpetrate scams.Be very careful about what you see on social media The government's communication urged vigilance against fraudulent advertisements related to stock market activities, trading, and purportedly free tips disseminated through social media applications. It emphasized the possibility of perpetr...
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Facebook, Instagram and WhatsApp – Meta’s Apps Are ‘Hotbed’ for Financial Scams, Revolut Says
9Feb By adminNo Comments
Technology

Facebook, Instagram and WhatsApp – Meta’s Apps Are ‘Hotbed’ for Financial Scams, Revolut Says

[ad_1] Most scams reported to finance app Revolut Ltd. in the UK last year started their journey on Meta Platforms Inc. social media, with most money lost to “get-rich-quick” investment schemes. The London-based fintech found 60% of UK scam cases came from Facebook, Instagram and WhatsApp, dwarfing other platforms and frauds conducted by telephone. Revolut found a similar trend across Europe, where 61% of scams originated on Meta services.Woody Malouf, Revolut's head of financial crime, said Meta platforms were “being used as a hotbed for scams,” and urged Revolut customers to avoid so-called investment opportunities. “Banks and financial institutions should be the last line of defence, not the only line of defence.” We are on WhatsApp Channels. Click to join.  Malouf appeared alongside...
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As AI makes it worse, fraud is a problem so big we must teach kids how to spot it in schools
21Dec By adminNo Comments
Technology

As AI makes it worse, fraud is a problem so big we must teach kids how to spot it in schools

[ad_1] Have you or someone you know been a victim of fraud? If so, that's not unusual. The UK's Office for National Statistics (ONS) reported a rise of 25 per cent in the number of fraud offences in 2021 compared to 2020 in the UK. Representing over 40 per cent of all crimes against individuals, fraud is the most common crime in the UK.If these statistics are not alarming enough, there is some evidence that AI is making it harder to detect scams. People often blame fraud victims for being foolish or trusting enough to fall for a scam. But it's time to accept that it can happen to anyone. It's a problem so large we need to revise our concept of fraud as something that only happens to gullible or vulnerable people. The human brain can't keep up with all of the new technology-enabled types...
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ChatGPT-like AI tools assisting cybercriminals to pull off shockingly effective online scams
25Nov By adminNo Comments
Technology

ChatGPT-like AI tools assisting cybercriminals to pull off shockingly effective online scams

[ad_1] Online scams are rising phenomenally, and some experts believe that it is about to explode even further. According to a report by Scamwatch, an online scam-monitoring website, a total of 257,392 cases have been reported by October 2023, marking a sharp increase from 2022's 239,237 cases. Cybercriminals have begun taking the help of generative AI tools such as ChatGPT to start campaigns at a much faster rate and they are making their fake claims much more believable, indicating they will easily fool the victim with their nefarious tactics. Earlier, this was a huge problem for cybercriminals.Speaking with CBS MoneyWatch, Michael Bordash, senior vice president of US-based telecom company Syniverse, said, “Unfortunately, criminals are getting much better at writing English. ChatGPT i...
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As online scams skyrocket, new Mac malware emerges; can steal your money
12Jul By adminNo Comments
Technology

As online scams skyrocket, new Mac malware emerges; can steal your money

[ad_1] In the last few months, India has seen a surge in online scams and other forms of related cyber crimes. In a recent incident, a Mumbai man lost Rs. 2.65 lakh after he fell for an online scam while ordering sweets, as per a report. Last year, actress Shubhangi Atre also fell victim to a similar scam and lost Rs. 2.24 lakh. These incidents highlight the fact that nobody is safe from these cyber criminals and something as innocent as buying sweets can also trap you into losing your life's savings. At a time like this, a new dangerous Mac malware, dubbed ShadowVault, has emerged that can steal your sensitive data. To make matters worse, some bad actors are also distributing it among cybercriminals for a monthly fee of $500.What is ShadowVault malware?ShadowVault is an infostealer mal...
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3 warning signs! Google tips to avoid money-stealing scams; protect yourself now
15May By adminNo Comments
Technology

3 warning signs! Google tips to avoid money-stealing scams; protect yourself now

[ad_1] We have seen that over the recent months, scams have come in various new shapes and these are proving to be very successful in stealing money from ordinary people on the web. Email, apps, phone calls, social media platforms, or even fraudulent websites – all have worked as potential channels for fraudsters to carry out their nefarious deeds. Now, Google has warned about a scary bank-emptying scam.Google recently issued this warning to users regarding a scam involving Play Store gift cards. Google revealed certain indicators, or red flags, that will help users to know if they are being targetted by scamsters. Google said various versions of this scam existed and that users should proceed with caution. Google says, "Someone might be trying to scam you if they ask you to buy a Googl...
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Thane man loses ₹5 lakh in online fraud
17Jan By adminNo Comments
Technology

Thane man loses ₹5 lakh in online fraud

[ad_1] Man from Maharashtra's Thane loses ₹5 lakh in online fraud after getting a fake call from TV channel service providers. A man from Maharashtra's Thane city was allegedly duped of ₹5 lakh by online fraudsters when he was checking a fault in his TV channel service, police said on Tuesday. The incident took place on January 14 when the man called up his TV channel service provider as its details were not displayed on his television screen, an official from Chitalsar police station said quoting the victim's complaint. While he was speaking on the phone, he got a call from another number where the caller asked him to download the AnyDesk app. After the man downloaded the app, he found that an amount of ₹5 lakh was debited from his bank account through net banking even when he ha...
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