AI Fraud Protection: Get insights into scams and how AI is making them more sophisticated and convincing
Published: November 25, 2023
In this 2-minute video, Zane Eschbaugh, CFP® and Financial Advisor, sheds light on the pressing issue of AI-driven fraud in the digital age. As artificial intelligence evolves, so do the tactics employed by malicious actors, making it crucial for individuals to safeguard their personal and financial information. It's important you stay informed about all things AI Fraud Protection.
Zane emphasizes the importance of vigilance and proactive measures to mitigate the risks associated with AI-driven fraud. The video explores prevalent frauds such as:
- imposter scams
- tech support scams
- grandparent scams
- deepfakes, and
- malware attacks.
We encourage you to stay informed, be skeptical of unfamiliar requests for personal information, and maintain a vigilant stance in the tech-filled world to protect themselves from AI-driven fraud.
To learn more about scams and how to protect yourself... check out 10 Common Identity Theft Scams and how to avoid them.
If you suspect you’ve fallen victim to a AI fraud or scam or that your identity has been compromised, it’s time to act. Report the incident to your advisor right away to help protect your accounts, and consult identitytheft.gov to see the Federal Trade Commission’s recommendations for critical next steps. Additionally, reporting cybercrime incidents to the FBI can help federal agencies respond quicker and more effectively to threats.
1 The 2023 Forbes ranking of America’s Top Wealth Management Teams Best-In-State, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. This ranking is based upon the period from 4/1/2021 to 3/31/2022 and was released on 01/12/2023. Advisor teams that are considered must have one advisor with a minimum of seven years of experience, have been in existence as a team for at least one year, have at least 5 team members, and have been nominated by their firm. The algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 8,000 team nominations, 2,860 advisor teams received the award based on thresholds. This ranking is not indicative of an advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please see https://www.forbes.com/lists/list-directory/#470ac626b274 for more info.