Summary:
- Artificial Intelligence (AI) is being used by cybercriminals to create more sophisticated and effective fraud schemes, such as generating fake images and videos to impersonate real people.
- However, AI can also be used to detect and prevent these types of cyber fraud by analyzing patterns and identifying suspicious activities.
- Experts believe that the key to addressing the cyber fraud crisis is to use AI responsibly and ethically, by developing advanced security measures and educating the public on how to recognize and avoid these scams.