Identity Fraud: How to keep your money safe – as criminals ramp up AI tactics to steal consumer data

19 Apr 2024 11:19 AM | Anonymous member (Administrator)

Our financial lives are becoming more intricate and remote, demanding heightened vigilance.

Criminals are using social media, artificial intelligence (AI) and deep fake technology to target consumers, a fraud prevention body suggests.

Last year, according to the Fraudscape report conducted by Cifas, over 374,000 fraud cases were reported to the Cifas National Fraud Database (NFD) and they said that members prevented £1.8 billion worth of fraud losses.

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