AI-Enhanced Fraud: The Rise of Sophisticated Scams in Canada
Michael Campbell, a business analyst, was almost swindled out of $10,000 due to a cunning AI-driven scam involving a fake Amazon email and a fraudulent bank call. This incident, among others, points to the growing threat of AI-enabled fraud as scammers use advanced technology to imitate bank communications flawlessly, even cloning voices. In 2024 alone, Canadians suffered over $638 million in losses due to similar scams.
Mar 6