Category: Fraud & Fraud Prevention
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The Rising Threat of Romance Scams Targeting the Elderly
In our business we see a lot of different scams including many involving cryptocurrency and blockchains. Recently we have seen a pickup in “romance” scams that do not involve cryptocurrency or even computers. Simply put, these cases involve scumbags that prey on the elderly, often taking most if not all of their retirement funds. The…
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AI-Powered Phishing Is Reshaping Cybersecurity Risks for Businesses
The October issue of the Journal of Accountancy included a frightening article on the impact of AI on hacker attacks. Hackers are using large language models (LLMs) to generate communications to be used in hacking attacks. LLMs is the technology that is used to scan large data sets to permit AI to respond to our…