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AI deepfakes cause billions in global fraud losses

Artificial intelligence is transforming industries, but its dark side is fueling a massive surge in fraud, especially through the use of deepfakes.

As the sophistication and accessibility of “AI” expands–so does the challenge of combating deepfake-driven crime.

A new report highlights how scammers are using hyper-realistic AI-generated content, often impersonating high-profile figures like Elon Musk, to swindle billions from unsuspecting victims.

Fraud tied to deepfakes has already reached $12 billion globally and is projected to hit $40 billion in just three years.

So, what can businesses, individuals, and governments do to combat this growing trend?

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins Veronica Dudo to discuss.

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