How AI Is Supercharging Financial Fraud–And Making It Harder To Spot

From smoothly written scam texts to bad actors cloning voices and superimposing faces on videos, generative AI is arming fraudsters with powerful new weapons.

_{By Jeff Kauflin, Forbes Staff and Emily Mason, Forbes Staff}

“I

wanted to inform you that Chase owes you a refund of $2,000. To expedite the process and ensure you receive your refund as soon as possible, please follow the instructions below: 1. Call Chase Customer Service at 1-800-953-XXXX to inquire about the status of your refund. Be sure to have your account details and any relevant information ready …”