Australia Braces for Surge in AI-driven Scams in 2024

Published on January 11, 2024

Despite a significant rise of 3,000 percent in scams in Australia over the past decade, leading to reported losses of $3.1 billion (US$2.07 billion), experts warn artificial intelligence (AI) will cause scams to reach even greater levels in 2024. National Australia Bank (NAB) NAB cautions that AI scams, seen in the UK and US, are likely to emerge in down under soon. The top scams to watch out for are: AI voice impersonation scams Term deposit investment scams Remote access scams using chat Romance scams Ticket scams QR code phishing scams NAB Manager Advisory Awareness Laura Hartley said urgency was a common theme among them....