Scammers are adept at manipulating the latest technological advances to commit their crimes.
These days it’s happening in the world of artificial intelligence – commonly known as A.I.
A.I. voice cloning is already bringing a new twist to scams that have been around forever.
For instance, the grandparent scam calls now can feature the actual voice of the loved one the criminal is impersonating.
These tactics are startling, but the ways we protect ourselves haven’t changed.
The first sign of any fraud attempt is when an unexpected contact causes an immediate emotional reaction – often fear, panic, or excitement.
Maybe training our brains to disengage when we feel that emotional surge could be the best way to disrupt the criminal act.
Otherwise, stay updated on the latest fraud tactics by Clicking here.
Know that anytime you are asked to address some urgent financial matter with a gift card, cryptocurrency or peer-to-peer payment app, it’s a scam.
More than 369,000 incidents of financial abuse targeting older adults are reported to authorities in the U.S. each year, causing an estimated $4.8 billion in losses.
And those numbers likely understate the problem considerably.
However, as we approach World Elder Abuse Awareness Day on June 15th, it’s good to remember that there are things we can do to stop elder financial exploitation.
Encourage your loved one to designate someone they trust to help them with financial decisions.
The federal government’s Eldercare Locator can help you find free or low-cost legal assistance.
Suggest they add a trusted contact for their financial institutions if they are unreachable or if questionable activity is detected.
A trusted contact is not able to make transactions, but the financial institution can disclose some account information to them.
Also, watch out for someone — even someone you thought you or your loved one could trust — who discourages contact with family and friends, exerts pressure on financial decisions or asks for large sums of money.
Most importantly, financial exploitation is a crime and should be reported to your local police or Sheriff or even to 911.
Be a fraud fighter! If you can spot a scam, you can stop a scam.
Full Article & Source:
Wyoming AARP Advises Seniors Of Scams Involving A.I. Voice Cloning
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