ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

FBI issues warning on AI used for financial fraud

December 4, 2024
Reading Time: 2 mins read
FBI issues warning on AI used for financial fraud

The FBI yesterday issued a warning to the public that criminals are using generative artificial intelligence to commit financial fraud and provided tips for consumers on how to protect themselves.

Generative AI reduces the time and effort criminals must expend to deceive their targets, the FBI said in the warning. Examples include using the technology to create fictitious social media providers and messages to trick victims into sending money, the creation of realistic images and documents used in identity fraud and impersonation schemes, and voice cloning to obtain access to bank accounts or trick victims that a relative is in crisis and needs immediate financial assistance.

The FBI shared the following tips to help consumers protect themselves from AI-enabled fraud:

  • Create a secret word or phrase with your family to verify their identity.
  • Look for subtle imperfections in images and videos, such as distorted hands or feet, unrealistic teeth or eyes, indistinct or irregular faces, unrealistic accessories such as glasses or jewelry, inaccurate shadows, watermarks, lag time, voice matching and unrealistic movements.
  • Listen closely to the tone and word choice to distinguish between a legitimate phone call from a loved one and AI-generated vocal cloning.
  • If possible, limit online content of your image or voice, make social media accounts private, and limit followers to people you know to minimize fraudsters’ capabilities to use generative AI software to create fraudulent identities for social engineering.
  • Verify the identity of the person calling you by hanging up the phone, researching the contact of the bank or organization purporting to call you, and call the phone number directly.
  • Never share sensitive information with people you have met only online or over the phone.
  • Do not send money, gift cards, cryptocurrency or other assets to people you do not know or have met only online or over the phone.

The FBI also encouraged people who believe they are victims of financial fraud schemes to file a report with the agency’s Internet Crime Complaint Center.

Tags: Artificial intelligenceFraudIdentity fraudScams
ShareTweetPin

Related Posts

Trade groups urge California to delay passage of GHG emissions reporting bill

FSOC ends review of climate change risk

Compliance and Risk
September 11, 2025

The Financial Stability Oversight Council voted to rescind the charters of two committees formed to advise the council on climate-related financial risks.

Mortgage rates fall

Mortgage rates drop

Economy
September 11, 2025

The rate for a 30-year fixed-rate mortgage was 6.35%. The rate for a 15-year fixed-rate mortgage was 5.5%.

CDIAC members discuss economic conditions, top policy issues

Bank survey: More workers seeking financial wellness resources from employers

Financial Education
September 11, 2025

Twice as many U.S. workers today look to their employers for guidance and resources around near-term financial needs compared to just two years ago, according to a new survey by Bank of America.

CPI rose 0.4% in March 

Consumer price inflation increased in August

Economy
September 11, 2025

The Consumer Price Index increased 0.4% in August on a seasonally adjusted annual basis, after rising 0.2% in July, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9%.

Kelly shares ABA recommendations for deposit insurance reform with lawmakers

Kelly shares ABA recommendations for deposit insurance reform with lawmakers

Newsbytes
September 10, 2025

The deposit insurance system has served the nation well, but recent events have raised questions about whether the system can be improved to reflect the modern realities of banking, American Bankers Association Chair Elect Kenneth Kelly told senators.

Producer price index increased 0.5% in April

Producer prices declined 0.1% in August

Economy
September 10, 2025

The Producer Price Index decreased 0.1% in August from the previous month, the Labor Department reported. The index showed prices increased 2.6% from a year before.

NEWSBYTES

FSOC ends review of climate change risk

September 11, 2025

Mortgage rates drop

September 11, 2025

Bank survey: More workers seeking financial wellness resources from employers

September 11, 2025

SPONSORED CONTENT

The Connectivity Dividend

The Connectivity Dividend

September 1, 2025

Building Trust with Every Transaction

September 1, 2025
10 Essentials of a New Loan Origination System

10 Essentials of a New Loan Origination System

August 29, 2025
Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

August 1, 2025

PODCASTS

Demographic trends shaping the U.S. banking outlook

July 30, 2025

Podcast: How institutional banking helps build one regional bank’s strategy

July 24, 2025

The future of careers in risk and compliance

July 17, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.