Britain is bracing for highly contentious local and general elections this year, where issues such as the higher cost of living and migration are expected to dominate.

Cyber experts anticipate malicious actors to interfere in the upcoming elections in several ways, not least through disinformation aided by artificial intelligence.

State-backed attacks are also expected to become a more common sight in the lead-up to elections, according to the cybersecurity community.

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.

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.

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 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.

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.

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.

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.