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In the world of deepfakes, <\/span>online\u00a0falsehoods\u00a0and\u00a0scams<\/span>, this personal example of mine is\u00a0somewhat amateurish. There are many more sophisticated ones using voice and video cloning to impersonate real\u00a0people\u00a0to deceive and cheat.\u00a0<\/span><\/p>\n The Global Anti-Scam Alliance estimated that scammers cheated people of more than US$1 trillion\u00a0in 2024, an amount\u00a0considerably higher\u00a0than Singapore\u2019s gross domestic product.\u00a0<\/span><\/p>\n AI has multiplied the risks many times, enabling anyone without much technical knowledge to produce\u00a0scams\u00a0in minutes that might have taken days or even weeks to do in pre-AI days.\u00a0<\/span><\/p>\n According to studies done by IBMX-Forces, what would take a human fraudster 16\u00a0hours,\u00a0to manually research a target and draft a\u00a0personalised\u00a0phishing email, can be done in less than\u00a0five\u00a0minutes by AI. You can get such an AI toolkit called FraudGPT for as little as US$75 to run a professional-looking cyber campaign to deceive.<\/span><\/p>\n What AI will also do is replicate the\u00a0scam\u00a0and develop different versions for different countries and people. Instead of a former minister, change it to another personality and journalist for use in Japan, the US or Malaysia or any other country.\u00a0<\/span><\/p>\n It is able to\u00a0customise\u00a0individual scam messages to target and entice different people with different interests and inclinations. If\u00a0you\u2019re\u00a0a football fan, the story might feature Lionel Messi or Jamie Oliver if\u00a0you\u2019re\u00a0into food.\u00a0<\/span><\/p>\n It is this scaling and replication inherent in AI\u2019s capabilities that\u00a0make\u00a0it potent. As a result, according to an Interpol report in March, AI-driven\u00a0scams\u00a0earn their perpetrators 4.5 times as much money as traditional methods.\u00a0<\/span><\/p>\n There is therefore no question that it will be increasingly used to deceive and cheat and that more people will lose money in the future.\u00a0<\/span><\/p>\n You might say that there are more serious issues that will arise in an AI-driven future – job losses, economic competitiveness, military\u00a0capabilities\u00a0and destruction of human lives, among others. So\u00a0what if a few people get\u00a0scammed\u00a0because of their gullibility or even greed?\u00a0<\/span><\/p>\n There is a wider issue though that needs to be addressed. AI-generated scams are ultimately about the art and science of deception – how you target human weaknesses and exploit the failings of people who are otherwise normal and rational.<\/span><\/p>\n Because of its ability to sieve large amounts of data through the countless falsehoods it produces, knowing what works and what doesn\u2019t, AI can very quickly understand the workings of not just the human mind but human emotion, all of which play a part in how someone falls for a scam.\u00a0<\/span><\/p>\n<\/div>\n SCAMS TURBOCHARGED BY AI\u00a0 In the world of deepfakes, online\u00a0falsehoods\u00a0and\u00a0scams, this personal example of mine is\u00a0somewhat amateurish. There are many more sophisticated ones using voice…<\/p>\n","protected":false},"author":1,"featured_media":65449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--rDhaLWhC--\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2024\/12\/20\/istock-1744769333.jpg?itok=NfuCdPi1","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[1126,2868,2215,2618,605,4880,614],"class_list":["post-65448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-commentary","tag-cost","tag-financial","tag-human","tag-isnt","tag-scams","tag-true","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65448"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/65449"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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