Increasingly hard-to-detect deepfake content created with artificial intelligence (AI) is being exploited by criminals to impersonate trusted individuals, the FBI and the American Bankers Association (ABA) said in a report published Sept. 3.
In its Deepfake Media Scam infographic, the FBI said that scams targeting Americans are surging. Since 2020, the agency has received more than 4.2 million reports of fraud, amounting to $50.5 billion in losses. “Imposter scams in particular are on the rise ... Criminals are using deepfakes, or media that is generated or manipulated by AI, to gain your trust and scam you out of your hard-earned money.”
