Beware of Online Fraudsters

Online Air Intelligence (AI) Fraud:  A new method used by financial con artists is calling you on video from a recognized person at an unknown number and claiming that there is a financial emergency. The known video caller from the unknown number would offer you to lend them money, which you might transfer in the hopes of receiving it back once they were out of debt.  Your wife, father, brother, or a close friend can be this known person. However, in reality, it’s a new method of online fraud in which the criminal takes advantage of Air Intelligence and the “Deep Fake Al bot” methodology to defraud you.

How AI Technique is Helping Scammers?

Pavan Duggal, an advocate at the Supreme Court and the CEO of the Artificial Intelligence Law Hub, elaborated on this type of online fraud by stating that “Such incidents were first identified in Kerala that expanded in several other states in south India. In such circumstances, you would receive a video call from a known person requesting money due to a financial situation.  You would trust the individual because they spoke with you through a video chat, even though it came from an unknown number, and send money to their designated bank account or new PhonePe or Google Pay number.

The victim feels that after the offender emerges from the financial crisis, he would receive his money back from them, the cyber crime expert continued. However, the call was actually a fake made by an online scammer employing the “Deep Fake” technique and “Air Intelligence” technology. In this brand-new category of online scams, the perpetrator uses a voice and video sample of a well-known person before calling the victim and offering instructions over the phone.  The victim thinks they are speaking to a familiar person since the technology is so easy to use.

Mohit Yadav, an internet security expert in Delhi, warned people about this new form of online fraud: “The video call might be from your wife, brother, father, or mother as well.  Therefore, when a known person contacts utilizing a video call from an unknown number, one must be cautious and use common sense.

Because individuals are uninformed that Al technology is creating a know face that can converse with them on instructions, Dubey claimed that the “Deep Fake” technique is extremely smooth for carrying out online economic offense.

How can Safety be ensured?

After receiving a known person’s video call, Pavan Duggal offered this advice on how to secure the safety of one’s money: “Very straightforward. Simply converse with the person on the other end of the video call before dialing their number. If the person has previously told someone through video call about the issue.  Don’t send money until you have spoken with the recipient on his or her provided phone number for added security.

About The Author:

Yogesh Naager is a content marketer that specializes in the cybersecurity and B2B space.  Besides writing for the News4Hackers blog, he’s also written for brands including CollegeDunia, Utsav Fashion, and NASSCOM.  Naager entered the field of content in an unusual way.  He began his career as an insurance sales executive, where he developed an interest in simplifying difficult concepts.  He also combines this interest with a love of narrative, which makes him a good writer in the cybersecurity field.  In the bottom line, he frequently writes for Craw Security.

 

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