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Here's What Retirees Must Know About AI Scams

TheMotleyFool

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Here's What Retirees Must Know About AI Scams

What do voice cloning, deepfakes, and phishing have in common? They're all versions of artificial intelligence (AI) scams.

AI scams come in all shapes and sizes. Still, they have one thing in common: They use AI technology to impersonate trusted contacts (even mimicking voices), write convincing texts and emails, and trick older adults into revealing financial information or transferring funds.

In 2024 alone, the FBI's Internet Crime Complaint Center reported over 859,500 internet crime complaints. Total losses exceeded $16 billion, with the highest Total losses (nearly $5 billion) suffered by those 60 and over.

Source Fool.com