AI-Powered Deepfake Scam Sparks Concern Over Rise of Artificial Intelligence-Driven Fraud in China

A fraud in northern China that used refined “deepfake” expertise to persuade a person to switch cash to a supposed buddy has sparked concern in regards to the potential of synthetic intelligence (AI) strategies to assist monetary crimes.

China has been tightening scrutiny of such expertise and apps amid an increase in AI-driven fraud, primarily involving the manipulation of voice and facial knowledge, and adopted new guidelines in January to legally shield victims.

Police within the metropolis of Baotou, within the area of Inner Mongolia, stated the perpetrator used AI-powered face-swapping expertise to impersonate a buddy of the sufferer throughout a video name and obtain a switch of CNY 4.3 million ($622,000, roughly Rs. 5,15,52,000).

He transferred the cash within the perception that his buddy wanted to make a deposit throughout a bidding course of, the police stated in a press release on Saturday.

The man solely realised he had been duped after the buddy expressed ignorance of the scenario, the police added, saying they’d recovered many of the stolen funds and have been working to hint the remaining.

The case unleashed dialogue on microblogging web site Weibo in regards to the risk to on-line privateness and safety, with the hashtag “#AI scams are exploding throughout the nation” gaining greater than 120 million views on Monday.

“This exhibits that images, voices and movies all will be utilised by scammers,” one consumer wrote. “Can data safety guidelines sustain with these folks’s strategies?”

© Thomson Reuters 2023

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