It seems like just about everyone, in both the private and public sectors, is issuing notes of caution in regard to cyber-scams and online fraud during this holiday season. While digital technology, including Fintech, has been a boon for consumers and businesses, it has already enabled a new generation of criminals to fleece the unsuspecting of their hard earned money.
Today, the US Department of Treasury, Office of Cybersecurity and Critical Infrastructure Protection (OCCIP), is warning the public to be on alert as the rise of artificial intelligence (AI) has added an additional twist to the minefield of digital criminal activity.
“Every year cybercriminals are getting more creative to take advantage of consumers, and this year is no different with the rise of AI,” said Deputy Assistant Secretary for OCCIP Todd Conklin. “If an online deal looks too good to be true, it likely is. Take time to think, research, and talk to someone you trust. Don’t be pressured to purchase an item or pay for a service quickly. Legitimate businesses and people will give you time to decide.”
Phishing, fraudulent texts and calls, bogus websites, and other scams are proliferating around the internet. It is simply too easy to spoof a number, garner personal information to pose as a legitimate request, and more to lay traps for even diligent individuals. OCCIP advises to be vigilant and proactive, CI suggests you ignore anything that is inbound and transact only with known providers.
