Convera warns that the rise of AI-driven scams poses significant risks to businesses, particularly in the financial sector. Bridget Pruzin emphasizes the importance of recognizing fraud indicators, such as voice cloning and urgent requests for sensitive information, and advocates for proactive education and collaboration to combat these sophisticated threats.

Payments processors are advocating for the unregulated use of artificial intelligence to combat rising fraud, as the technology becomes essential in identifying and preventing fraudulent transactions. The American Transaction Processors Coalition warns that state-level regulations could hinder their efforts, while Congress debates the implications of AI regulation amid growing concerns over payment scams.

Cybercriminals are increasingly targeting brokerage accounts using sophisticated phishing schemes to execute "ramp and dump" scams, manipulating stock prices without traditional social media promotions. By utilizing compromised accounts, they purchase shares to inflate prices and then sell at a profit, leaving victims with worthless stocks. The scheme highlights vulnerabilities in multi-factor authentication processes that many financial institutions still rely on.

Microsoft has issued a warning about a phishing scam known as "Payroll Pirate" that compromises employee accounts on Workday and other HR platforms. Attackers gain access through deceptive emails and adversary-in-the-middle tactics, allowing them to redirect payroll deposits to their own accounts. The scam has targeted multiple universities, resulting in compromised accounts and widespread phishing attempts.

The FBI has issued a warning about a malicious campaign using AI-generated deepfake audio to impersonate senior US government officials, targeting individuals to trick them into clicking malicious links. This tactic exploits the indistinguishable nature of deepfake technology to establish trust and gain access to personal accounts, amid a rising trend in deepfake-related fraud and espionage.

A significant leak on a Russian forum has revealed sensitive information related to credit cards, with implications for users' financial security. The breach involves the exposure of personal data that could facilitate fraud and identity theft, raising concerns about cybersecurity measures in place.