Fake photos, real problems: How you can spot AI romance scams while you're trying to date

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Would you know a person generated by artificial intelligence if you saw one?

ABC13’s sister station in Chicago talked to two men in November 2023 who fell for romance scams using AI-generated women.

At least one of the men said he should have known better, but like many others, was vulnerable as he desired to have a partner in his life.

ABC13 talked to Feedzai’s Andy Renshaw, who gave these tips to help you avoid falling for romance scams involving AI-generated people.


How to avoid the top scam of 2023: The internet has ‘really supercharged’ it, expert says

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Imposter scams were the most prevalent type of consumer fraud in 2023, according to the Federal Trade Commission.

There are many forms, but they share a basic premise: Criminals pretend to be someone you trust, such as a romantic interest, government agent, relative or well-known business, to persuade you to send them money.

The best way for consumers to counter imposter scams is by pausing and verifying that a communication is accurate, according to fraud experts.


Scammers are out for elder adults

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In a survey of scam victims, Feedzai has revealed that purchase scams are the most popular scam type for over 65s in the UK with 62% falling victim, trumping investment scams (15%) and romance scams (4%).

A phone call is the top route for fraudsters to target unwitting consumers (26%), closely followed by Facebook and other social media channels (24%) and email (20%).

Nearly a third (29%) of the victims surveyed have lost between £501 – £10,000 as a result of a scam
Taboo still remains, with victims feeling angry, ashamed, lonely, and afraid after falling for a scam.


Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up

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Mastercard told CNBC exclusively Monday that it’s partnered with Feedzai, a regulatory technology platform, to improve monitoring and blocking of fraud in crypto.

Feedzai will integrate with Mastercard’s CipherTrace Armade platform, which is used to help banks monitor transactions from over 6,000 crypto exchanges for fraud.

The move marks a major push from Mastercard into crypto — specifically, efforts to clean the space up of fraud and scams.


Fraud and Scam Predictions That Will Shape 2023

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If you’re thinking fraudsters will turn over a new leaf and resolve to behave themselves in 2023, it’s time for a wake-up call, because fraudsters never change their stripes, just their tactics.

As we enter a new year, Andy Renshaw, Senior Vice President, Product Management at Feedzai – the market leader in fighting financial crime with AI – offers his top five fraud predictions for 2023.


novobanco and Feedzai partner to enhance customer engagement

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Portuguese novobanco has teamed up with RiskOps platform Feedzai in a move to bolster novobanco’s customer experience.

The partnership will see novobanco implement Feedzai’s Risk-Ops platform, Digital Trust (DT), to optimise the user experience.

In addition, novobanco will adopt Feedzai’s Fraud for Banking (TFB) solutions. Both DT and TFB offer a deeper analysis of customer biometrics and behaviour network, device and threat data in real-time to identify legitimate customers and improve fraud blocking before it happens.


How to spot a romantic scam

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Fraud prevention subject matter expert Daniel Holmes talks A.I. catfishing.


Feedzai Enhances RiskOps With ScamPrevent as US Sees a 30% Increase in Scam Losses

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Feedzai, a provider of financial crime and risk management solutions, has announced significant enhancements to its RiskOps Platform. This enables banks to better protect their customers from a wide variety of financial scams. These new Feedzai ScamPrevent capabilities deliver detection, classification, and interception of the widest variety of payment scams and financial fraud typologies.


Feedzai: Over half of consumers have been a victim of financial crime

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Feedzai, the world’s first RiskOps platform for financial risk management, has released its latest report – The Human Impact of Fraud and Financial Crime on Customer Trust in Banks. The report, based on research of 4,000 consumers in the UK and US, reveals how fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology.

The report reveals that while over half (56%) of respondents have been a victim of a financial scam, many still lack the knowledge to detect and distinguish between the various types of financial crime.