Beware! High-tech thieves use AI to create deepfakes of Elon Musk, scam millions from Americans; here's how they do it
In a recent development it has been known that several high tech thieves are nowadays using AI to create several kinds of deepfakes of Elon Musk while eventually scamming millions of US citizens.
By The Feed |
Heidi Swan, who is a 62 year old healthcare worker eventually fell victim to a sophisticated scam involving deepfake technology that impersonated Elon Musk. According to CBS News, after seeing ads on Facebook and TikTok that featured what appeared to be Elon Musk promoting a cryptocurrency investment opportunity, she invested over $10,000 while believing it to be a legitimate offer.
CBS News reported that however, she soon realized she had been scammed by high-tech fraudsters using artificial intelligence to create convincing deepfake videos.
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Deepfake scams are on the rise in the US, with Deloitte estimating that AI-generated content contributed to over $12 billion in fraud losses last year while potentially reaching $40 billion by the year 2027, noted CBS News. The Federal Trade Commission and Better Business Bureau have both issued warnings about these scams, which often exploit celebrities like Elon Musk due to their public visibility and wealth.
Several experts have highlighted the increasing ease of creating deepfakes which requires only a single image and a video clip. CBS News asserted that while some deepfakes are easier to detect due to unnatural movements or inconsistencies, advancements in technology make them increasingly convincing.
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According to eminent experts what is required to create deepfake videos?
Several experts have highlighted the increasing ease of creating deepfakes which requires only a single image and a video clip.
CBS News reported that however, she soon realized she had been scammed by high-tech fraudsters using artificial intelligence to create convincing deepfake videos.
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Deepfake scams are on the rise in the US, with Deloitte estimating that AI-generated content contributed to over $12 billion in fraud losses last year while potentially reaching $40 billion by the year 2027, noted CBS News. The Federal Trade Commission and Better Business Bureau have both issued warnings about these scams, which often exploit celebrities like Elon Musk due to their public visibility and wealth.
Several experts have highlighted the increasing ease of creating deepfakes which requires only a single image and a video clip. CBS News asserted that while some deepfakes are easier to detect due to unnatural movements or inconsistencies, advancements in technology make them increasingly convincing.
Also Read : Landman Episode 4: Check out release date, where to watch, upcoming episode schedule, storyline and cast
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Are deepfake scams on a rise in the US?ADVERTISEMENT
Deepfake scams are on the rise in the US, with Deloitte estimating that AI-generated content contributed to over $12 billion in fraud losses last year while potentially reaching $40 billion by the year 2027.According to eminent experts what is required to create deepfake videos?
Several experts have highlighted the increasing ease of creating deepfakes which requires only a single image and a video clip.
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