AI Scammer Bot: How to Protect Yourself from AI Scams

May 31, 2024 | Fraud | 0 comments

As artificial intelligence (AI) becomes more common in our daily lives, improving aspects like shopping and voice-assisted devices, it’s important to recognize the negatives as well. One of these negative sides is AI scammer bots, which use these technologies to carry out harmful activities.

These AI scammer bots are getting more advanced and sophisticated every day. In the third quarter of 2023, 73% of all internet activity was attributed to malicious bots, which use advances in AI technology to frequently harm vulnerable. As we enjoy the benefits of AI, we must also increase our defenses against new risks, including AI scammer bots.

What Is AI Scammer Bot?

AI scammer bot is a program that act like humans online to carry out illegal activities, spread false information, or increase engagement numbers falsely. Their advanced technology allows them to blend in easily, making them hard to spot and quite dangerous.

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How Do Scammers Use AI Bots?

1. AI-Generated Emails

Using AI, scammers create emails that are very similar to those from legitimate entities like banks or government offices. These phishing emails typically demand urgent action related to financial problems, tricking users into surrendering sensitive information likes banking credentials.  

AI models like ChatGPT are increasingly used by cybercriminals to make sophisticated, targeted phishing attacks, including business email compromise (BEC). A report by SlashNext reveals an increase in phishing activities, noting a 1,265% increase in malicious phishing emails and a 967% rise in credential phishing since the end of 2022.

2. Real-Time Data Exploitation

Scammers use AI to quickly evaluate large amounts of data from previous scams and data breaches or schemes. This real-time analysis allows them to adapt frauds to specific people, increasing the scam’s legitimacy and making them more difficult to detect. These schemes may even use sensitive personal information.

For example, a scammer can use an AI model like ChatGPT to search through hacked data for personal details like email addresses, names, and bank information. They then send targeted, authentic-looking emails pretending to be from the bank to trick victims into verifying their account details, exploiting their trust and sense of urgency to remain undetected.

3-Fake Voice Scams

Scammers use artificial intelligence to create convincing voices, such as those of family members, in order to create a sense of urgency or danger. This manipulation plays on emotions, motivating victims to send money or share private information under the idea that their loved ones are in dangerous situations.

A family in St. Louis experienced a disturbing fake kidnapping scam, where scammers used AI to imitate the voice of a young girl. They convinced her brother that she was in danger, forcing him to send $1,000 to an overseas account

4. Social Media Deception

Scammers use AI-driven bots, particularly those designed as AI bots to talk to people on social media platforms. These bots gradually earn trust and attract users into scams involving investments or romantic relationships, similar to traditional romance scams

Social media frauds are becoming more sophisticated through AI. For example, a man in Los Angeles lost $7,000 after he was scammed by a fake Tesla website and a deepfake Elon Musk video  promising to double investments with a cryptocurrency scheme. Unfortunately, he was unable to recover the lost funds.

5. Deepfake Scams

Using AI, scammers can use deepfake technologies to alter multimedia, making it seem like someone did or said something they didn’t. They can pretend to be trusted figures like business experts or public officials, which can lead to actions like transferring money or sharing private information.

Discover: What is a Deepfake Scam? Tips to Spot and Protect Yourself

6. Fake Trading Platforms

AI-driven fake trading platforms distinguish themselves by using bots to simulate group chats with fake experts, creating the illusion of legitimate investment opportunities. They promise risk-free, high returns and advertise unique chances for quick, guaranteed profits. 

Operating in volatile markets like forex and cryptocurrencies, these platforms ask for an initial deposit but are entirely fraudulent, leading investors to lose their money.

Real Case: Scammers Used AI Deepfakes to Steal $25 Million

This case shows the dangers of AI deepfake scams and the need for improved security measures to verify identities and requests.

Scammers used AI deepfake technology to steal over $25 million from a multinational business. They convinced a naive employee in the accounts payable department that a phishing email was legitimate by creating a realistic video call using AI-generated deepfakes. 

The employee, unable to verify the payment request in person, asked for a video call, as advised by company protocol. During the call, the employee saw and heard what appeared to be multiple colleagues, including the firm’s CFO, who verified the payment request. 

Satisfied with the confirmation, the employee issued the $25.6 million payment. The fraud was discovered only after the employee later mentioned the payment to the company’s operations personnel.

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How to Be Protected Against AI Scammer Bot?

Technology is constantly changing and becoming more sophisticated. As users, it’s important to stay alert to the risks, especially from those involving people who exploit it to commit fraud. 

By adopting the right strategies, you can protect yourself from AI scam bots and keep money and information safe. Here are a few practical steps you can take:

1. Keep Learning About AI Scams

Learn about AI scams and understand the common types and their targets. This knowledge helps you spot and avoid risks, and sharing it with friends and family makes your community better prepared to recognize and avoid scams. 

2. Improve Your Digital Security Measures

Check that your social media and other online accounts are secure by creating strong, unique passwords for each and using two-factor authentication where possible. Regularly review your privacy settings and be cautious with the information you share online, as scammers often use publicly available information to set up believable scams.

3. Use Security Tools for Protection

Install and maintain reputable security software that includes features for real-time monitoring and protection against phishing and other malicious activities. Regularly update your software and devices to guard against vulnerabilities scammers might exploit.

4. Invest in AI-Powered Fraud Detection

Use advanced AI technologies that work with machine learning to detect suspicious activity and anomalies in real time. 

  • Image/Video Verification: Detects manipulation and deepfakes to ensure authenticity.
  • Behavioral Analysis: Monitors user behavior to spot irregular patterns.
  • NLP: Analyzes text and speech patterns to detect fraud.
  • Enhanced Detection: AI identifies scams and alerts users and authorities in real-time.

Secure Your Digital Future: Manage AI Scammer Bot Effectively

Looking ahead, the future of AI is both promising and challenging, as AI-powered scams become more sophisticated and increasingly threaten our online safety. As AI takes a bigger part in our lives, the risks also increase, making it crucial to step up our defenses. 

Yet, simply knowing about these risks isn’t enough. We need to take action, get our communities involved, and advocate for regulations that enhance online safety. Through collaborative efforts and responsible use of technology, we can safely fight these scams.

FAQs About AI Scammer Bot

Are Bots Illegal?

In many places around the world, there are laws against using bots for fraudulent purposes. For example, in the United States, the Better Online Ticket Sales (BOTS) Act makes it illegal to use bots to bypass security measures on websites that sell tickets.

Is AI Regulated?

There is no federal regulation specifically for artificial intelligence in the United States. There are some sector-specific agencies and organizations that address challenges related to AI development:

  • Various states have also enacted their own AI regulations. For example, the California Consumer Privacy Act (CCPA) sets strict data processing requirements, applicable to businesses using AI technologies.
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We Want to Hear From You!

The fight against cryptocurrency scams is a community effort, and your insights are invaluable. Have you encountered a scam, or do you have questions about navigating the complex world of digital currency? Maybe you have suggestions or want to share your story to help others. Whatever your experience, we’re here to listen and support you.

Reach out to us at Share your stories, ask questions, or make comments. Your voice is crucial to building a resilient and informed community. Together, we can improve our defenses and promote a safer digital space for all.

Be a part of the change. Your story matters.

Photos via Unsplash