How AI can trick you into making fake payments - 5 red flags

Follow ZDNET: Add us as a preferred source on Google.

ZDNET's key takeaways

• New Visa research says AI-accelerated scams are the "fastest growing source of consumer harm."
• Fraud is shifting from credential theft and account hijacking to social engineering tactics.
• Visa outlines what consumers and businesses need to do to meet these threats.

While AI's vast potential to improve security, ramp up productivity, and reduce operational costs is being explored by countless companies, the technology is also being weaponized by cybercrooks involved in fraud and financial crime.

Also:5 security tactics your business can't get wrong in the age of AI - and why they're critical

A new report from Visa says AI is reshaping both cyberattack and defense tactics and, specifically, is compressing the fraud cycle, making it easier to dupe consumers into authorizing malicious transactions.

AI accelerates ClickFix-like fraud

Remember ClickFix? It's a social engineering technique, popularized...

Copyright of this story solely belongs to zdnet.com. To see the full text click HERE