Part 4/11:
Perhaps the most notorious AI scam is deep fake fraud—the use of AI to accurately mimic real humans' voices and appearances. Criminals can clone someone's voice, making a fake call or video that sounds indistinguishable from the real person.
Example: A scammer might pose as a parent, calling their child, claiming to be in trouble and requesting urgent financial help. Because AI-generated voices are remarkably convincing, victims often send money without suspecting foul play.
Impact: During Q1 alone, North American losses from deep fake scams reached $200 million—highlighting how widespread and effectively these scams are becoming.