The Latest AI-Based Scams
According to Rahul Tyagi, Co-Founder of SAFE Security, the latest scams involve AI technology. Criminals are taking audio notes from WhatsApp messages or phone conversations, using AI to mimic the voices of victims’ family members and asking for money.
Types of Scams
– UPI refund scam
– OTP scam
– Fake delivery scam
– Stock market scams
– Instagram-based shopping scams
Instagram Shopping Scams
Criminals create fake Instagram pages or websites offering extremely low prices. They require credit card information for purchases and then use that information to make unauthorized transactions. These scams have a shelf life of about one week before disappearing.
Protecting Yourself
– Avoid clicking on links in SMS messages; verify transactions through official wallet apps or net banking.
– Be cautious when purchasing from unfamiliar websites or Instagram pages.
– Check for company information, including address and email, when downloading shopping apps.
– Avoid saving credit card information and only transfer necessary funds to wallets before making purchases.
Hot Take
As scams become more innovative, it is crucial for crypto readers to stay informed and take necessary precautions to protect themselves from AI-based scams and other fraudulent activities. By being vigilant and following the suggested steps, individuals can reduce the risk of falling victim to these scams.
Cindy Dutta emerges as a polymath of the crypto realm, seamlessly blending the roles of analyst, researcher, and editorial virtuoso. Navigating the intricate labyrinth of cryptocurrencies, Cindy unfurls intricate patterns of digital assets, resonating harmoniously with minds of all kinds. Her knack for unraveling enigmatic crypto intricacies intertwines effortlessly with her editorial finesse, transmuting complexity into an immersive symphony of comprehension.