AI's Double-Edged Sword: How Fraudsters are Weaponizing Intelligence 

AI's Double-Edged Sword: How Fraudsters are Weaponizing Intelligence 

In the ever-evolving landscape of technology, artificial intelligence (AI) has become a powerful tool with the potential to revolutionize industries and streamline processes. However, like any tool, AI can be wielded for malicious purposes. Fraudsters are increasingly leveraging AI to enhance the efficiency and sophistication of their scams.   

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Don’t Get Hooked by the Geek Squad Phishing Scam

Don’t Get Hooked by the Geek Squad Phishing Scam

A new phishing scam preying on Best Buy customers is making the rounds. The fraudulent email claims to be from Best Buy's tech support team Geek Squad and tricks users into giving away personal information. Do not take the bait — this is what you need to know to avoid becoming a victim. 

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Fraud Perspectives: Nonfungible Tokens  

Fraud Perspectives: Nonfungible Tokens  

In the third webinar of the Fraud Perspectives series, presented by the Association of Certified Fraud Examiners (ACFE) and The Institute of Internal Auditors (IIA), Mason Wilder, Research Manager at the ACFE, chatted with Kishan Patel, CIA, CITP, CPA, and Chris DeAngelis, CFE, about nonfungible tokens (NFTs) and their role in the current anti-fraud landscape. A confusing and often abstract concept, NFTs have made headlines recently as an innovative new technology with the potential to revolutionize various industries. While NFTs offer numerous benefits, such as increased security and unique ownership, they also present new fraud risks. Understanding these risks and how to mitigate them is essential for organizations that are considering investing in NFTs. 

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Why Behavioral Biometrics Is the Next Big Weapon to Fight Fraud 

Why Behavioral Biometrics Is the Next Big Weapon to Fight Fraud 

Behavioral biometrics is a modern method of identifying individuals based on the way they interact with devices, such as computers and smartphones. It is used to verify the identity of an individual through the analysis of patterns of human behavior, such as mouse movements, typing speed and pressure on touchscreens. Unlike traditional biometric methods, such as fingerprint scanning or face recognition, behavioral biometrics does not require any physical input from the user, making it a more convenient and less intrusive form of identification. 

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