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

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A fraud in northern China that used subtle “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) methods to help 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 information, and adopted new guidelines in January to legally shield victims.

Police within the metropolis of Baotou, within the area of Interior 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 person solely realized he had been duped after the buddy expressed ignorance of the state of affairs, the police added, saying that they had recovered many of the stolen funds and had been working to hint the remaining.

The case unleashed dialogue on microblogging website 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 pictures, voices and movies can all be utilized by scammers,” wrote one person. “Can data safety rules sustain with these individuals’s methods?”

© Thomson Reuters 2023

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