Ian Lamont discovered a fraudulent job listing linked to his company, prompting him to warn others about the scam. Generative AI has tremendous potential to enhance business value but also poses risks, evident with the surge in AI-enabled scams. Reports indicate these scams have increased fourfold in the last year. A survey showed that a significant number of small business owners have encountered such scams. Major tech companies like Microsoft actively combat this by shutting down millions of malicious activity attempts.
Generative AI's potential to bolster business is staggering, estimated to add more value to the economy annually than the entire GDP of the United Kingdom.
AI-enabled scams have quadrupled, with a recent survey showing 25% of small business owners faced at least one AI scam last year.
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