Tag Archives: Fraud

01Aug/26

How AI Voice Cloning Weaponizes Your Trust

August 1, 2026Security.google, AT&T, Biden, Caller ID, Caller ID spoofing, Confidence tricks, Deception, Fraud, Life Corp, Lingo, Lingo Telecom, Robocall, Social engineering, Steve Kramer, STIR/SHAKEN, Telemarketing, United States, Verizon, Voice over IP, Voice phishingadmin

The Escalating War on AI Voice Fraud: Regulatory Shifts and Technological Defenses

Sat, Aug 01 2026 /Mpelembe Media/ — The telecommunications landscape is currently battling a severe escalation in call-based fraud, fueled by the convergence of cheap Voice over Internet Protocol (VoIP) routing and highly accessible generative artificial intelligence (AI). Scammers are increasingly utilizing AI voice cloning—which requires just seconds of audio—alongside caller ID spoofing to execute highly convincing voice phishing (vishing) attacks. These sophisticated scams target everyday consumers through family emergency and political impersonation ploys, as well as businesses via CEO fraud and targeted IT help desk breaches aimed at stealing credentials and initiating unauthorized wire transfers. Recognizing that traditional endpoint security often falls short against these social engineering tactics, cybersecurity experts are urging organizations to implement zero-trust frameworks and voice-independent verification methods, such as out-of-band multi-factor authentication, while advising consumers to adopt low-tech defenses like secret family codewords. Continue reading →

24Jan/26

Proactive Protection: Leveraging AI to Combat Synthetic Identity Fraud

January 24, 2026FinanceArtificial intelligence, Cybernetics, Data science, Equifax, EQUIFAX CONSUMER, Fraud, Identity theft, Machine learning, Neural-Networks-In-Finance, SentiLinkadmin

Jan. 24, 2026 /Mpelembe Media/ — Equifax has launched a sophisticated fraud detection tool designed to combat the rising threat of synthetic identity theft, which involves merging real and fake data to deceive lenders. By utilizing artificial intelligence and machine learning, this new system identifies complex patterns and behavioral cues that traditional security measures often overlook. The technology aims to provide real-time risk assessment during account creation and ongoing portfolio monitoring to prevent substantial financial losses. These efforts are part of a broader shift toward proactive security in the financial sector, helping institutions build trust while mitigating the costs associated with fabricated credentials. Related news highlights also emphasize the increasing role of advanced automation and global technological trends in modern business environments. Continue reading →

21Jan/26

The Evolution of Digital Deception: How 2025 Scams Blended into Daily Online Life

January 21, 2026SecurityComputer security, Cybercrime, Deception, Deepfake, Facebook, Fraud, Malvertising, Phishing, Reddit, Social media, Symbian software, Twitter, WhatsAppadmin

Jan. 20, 2026 /PRNewswire/ — The Q4 2025 Gen Threat Report highlights a significant shift in cybercrime, where fraudulent advertisements and deepfake content have become the primary methods for targeting consumers. These findings indicate that attackers are increasingly exploiting trusted social media platforms like Facebook and YouTube to host fake online shops and deceptive investment schemes. Rather than using complex technical exploits, modern scams trick individuals into performing routine digital actions, such as clicking links or scanning QR codes, to compromise their data. The report also identifies GhostPairing attacks and a sharp rise in identity-related breaches as growing risks that bridge the gap between mobile and desktop devices. Ultimately, the data warns that malvertising has evolved into a sophisticated tool that allows threats to blend seamlessly into everyday internet browsing. Continue reading →

02Dec/25

Fraud’s New Frontier: AI, Deepfakes, and Global Networks

December 2, 2025Security.google, Artificial intelligence, Crimes, Deception, Deepfake, Fraud, Generative artificial intelligence, Identity theft, Impersonator, Liveness test, OpenAI, Phishing, Rwanda, Synthetic media, Text-to-image generation, Top-5, Zambiaadmin

Dec. 02, 2025 /Mpelembe Media/ — The Sumsub Fraud Report 2025-2026 focuses on the “Sophistication Shift,” which describes the fundamental change in identity fraud from high-volume, basic attempts to fewer, more targeted, and financially damaging AI-enabled operations. This shift is driven primarily by the industrialisation of deception via generative AI, leading to an explosion in deepfakes and highly realistic synthetic identities across all major digital ecosystems. The analysis provides comprehensive regional breakdowns for Europe, Asia-Pacific, Latin America, Africa, and North America, demonstrating that even in markets where overall fraud rates are stabilising, the remaining attacks are significantly more complex and harder to detect. Continue reading →

05Nov/24

Sumsub Reveals First Global Fraud Index Showcasing 103 Countries’ Susceptibility to Digital Fraud

November 5, 2024FinanceFraudadmin

Today, Sumsub, a leading full-cycle verification platform, releases the Global Fraud Index, the first-ever in-depth study of 103 countries that offers a complete overview of the risk of digital fraud. The Index reveals the underlying factors that fuel fraud in various parts of the world, aiming to raise public awareness of the root causes rather than mere numbers. Continue reading

03Apr/24

Food fraud is a growing economic and health issue – but AI and blockchain technology can help combat it

April 3, 2024Food and DrinkAdrian Gepp, Australia, Blockchain, charles sturt university, Creative Commons, Crimes, Decentralization, Food industry, Food security, Fraud, Horse meat scandal, Milind Tiwari, Property crimes, United Kingdomadmin

Adrian Gepp, Bangor University and Milind Tiwari, Charles Sturt University

A multi-billion pound criminal enterprise lurks amid our supermarket shelves. Food crime not only harms our wallets but threatens public health. It includes activities such as mislabelling a product, replacing a food or ingredient with another substance that is inferior, and even poisoning.

Continue reading →

30Nov/23

Sumsub Research: UK Deepfake Incidents Surge 300% from 2022 to 2023

November 30, 2023SecurityDeep learning, Deepfake, Fraud, Generative artificial intelligence, Identity theft, Twitter, United Kingdomadmin

Sumsub, a full-cycle verification platform, today released its third annual Identity Fraud Report. The report revealed that the UK has experienced a 300% rise in deepfake cases from 2022 to 2023, rising to 780% across all of Europe. The report provides a comprehensive analysis of identity fraud across industries and regions based on millions of verification checks across 28 industries and over 2,000,000 fraud cases between 2022-2023*. Read more

02Nov/23

Tis the Season for Scams: New Study Shows Scammed Holiday Shoppers Lost $1500 on Average Last Year

November 2, 2023SecurityAntivirus software, Christmas and holiday season, Computer security software, Confidence trick, Content-control software, Fraud, Internet security, Norton, Online shoppingadmin

A new global consumer survey from Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), revealed online shopping scam victims lost $1500 on average during the holiday season. Continue reading

27Jul/23

Introducing Norton Genie – Real-Time AI-powered Scam Detection at Your Fingertips

July 27, 2023SecurityConfidence tricks, Deception, Fraud, Hyde Fault, Internet safety, Malay cuisine, Phishing, Social engineering, Spamming, Tanisha Scottadmin

Scams are one of the most pervasive Cyber Safety threats of our time. The sheer volume is staggering – people are collectively wading through 3.4 billion phishing emails on a daily basis – and scams are becoming more sophisticated and harder to spot without help. Today, Norton, a leader in Cyber Safety and part of Gen™ (NASDAQ: GEN), is inviting people to join in the fight against scams by offering early access to Norton Genie, a real-time AI-powered scam detector, to provide an easy, fast and free way to check if texts, emails, websites and social media posts are a scam. Continue reading

27Jun/23

Report: ‘Global scam economy’ thriving in 2023

June 27, 2023EconomyConsumer behaviour, Fraud, Instant payment, Merchandising, Online shoppingadmin

The COVID-19 pandemic catalyzed a digital payments revolution, forever reshaping expectations. Today’s consumers demand flexible, real-time payment options throughout their digital journeys. As banks, fintechs, retailers and other businesses modernize and add apps and offerings to keep pace, criminals cash in on weaknesses at every turn. How are professional fraud fighters striking back? A payments fraud study by Javelin and analytics leader SAS explores the fraud climate in 12 countries and offers eight recommendations for curbing the deluge. Continue reading