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Recent data from the FBI underscores a disconcerting surge in internet-based crime, illustrating staggering losses amounting to $10.3 billion in 2022—an evident rise from the $6.9 billion recorded the previous year. It’s imperative to emphasize that these figures solely encompass reported incidents, suggesting a substantially wider range of the issue’s extent. The proliferation of generative artificial intelligence (AI) accentuates the risk of succumbing to cyber fraud. This technological advancement provides scammers with the capability to fabricate text, images, videos, and audio imitating human interaction with remarkable accuracy, thereby enhancing their ability to deceive. Negotiating this intricate terrain necessitates heightened caution to guard against the dangers of AI-driven fraud and identity theft.
