The article discusses the increasing threat of 'realtime deepfakes'âAI-generated live videos that can convincingly impersonate individuals to execute scams. These scams range from romance schemes to Medicare fraud, severely impacting the vulnerable, especially the elderly, who often fall for impersonations of their loved ones. A particular focus is on the 'grandparent scam', where scammers trick seniors into sending money by mimicking family voices. As technology advances, both young and old are at risk, with younger generations showing susceptibility as well.
Unfortunately, it's not about to get any easier. Though fake profiles have long been used to scam undiscerning internet users, a growing trend of live-video fakes fueled by AI is targeting the young and old alike.
Once a scammer secures their target's confidence through their lifelike voice and appearance, the actual fraud can begin. 404 notes the users of this tech typically deploy romance scams, Medicare fraud, and photo verification schemes.
Another horrifying example called the "grandparent scam" involves criminals impersonating a loved one's voice in order to coerce a payout or con an elderly person into revealing sensitive info.
I was anxious to get the money out; I'd do anything for my grandchildren, said one Canadian grandmother who'd been targeted for $9,000 in Canadian dollars.
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