"Criminals are now able to gather information faster, personalize their approach, and impersonate trusted individuals or organizations like banks, government agencies and even the police with far greater credibility. What is now being weaponized is our own information against us. When they're calling us, they're calling us by name. They know where we live, they know where we bank."
"AI scams make everybody a target because scammers can automate them and do them en masse. Now that it's automated and it can be done through scripts and computer programs, they can go to bed at night [having] sent out 500 scam emails that are hyper-personal, and then just look at their bank account the next morning."
"Previous advice against getting scammed which focused on protecting your identity is no longer valid because people's personal information is already out there, whether it's from their digital footprint or from data breaches on platforms that they're registered with like online banking."
Scammers increasingly leverage artificial intelligence to collect personal data and execute targeted fraud schemes with greater precision and credibility. AI tools enable criminals to scan social media profiles, personalize approaches, and impersonate banks, government agencies, and police departments convincingly. Confidence scams in Toronto generated nearly $50 million in reported losses last year. AI automation allows fraudsters to send hundreds of hyper-personalized scam emails simultaneously at scale. Traditional identity protection advice is now ineffective since personal information is already widely available through digital footprints and data breaches. Criminals weaponize individuals' own information against them, calling victims by name and referencing their locations and financial institutions.
#ai-powered-fraud #confidence-scams #personal-data-exploitation #cybercrime-automation #identity-theft
Read at www.cbc.ca
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