AI-Enabled Fraud Schemes Increase Consumer Financial Loss
Scammers deployed voice cloning and synthetic IDs to conduct sophisticated fraud operations against bank customers. These attacks resulted in measurable financial losses and identity theft.
- first report
- 22 Jun 2024
- last update
- 22 Jun 2024
Timeline · 1
Sources · 1
Research and catalogues
- 2024-06-22AI-Enabled Fraud Schemes Reportedly Increasing Consumer Harm and Challenging DetectionAI Incident Database · incidentdatabase.ai/cite/735
Titles and links belong to their publishers. The summary above is written by gcdRadar in its own words; data is CC BY-SA 4.0.
Classification
- AI role
- AI-enabled attack
- categories
- Deepfake fraudAI phishing / social engineering
- severity
- 4 · Confirmed real-world loss
- targets
- Individuals
- owasp llm top 10
- no entry for these categories
- dates
- happened 22 Jun 2024 · first reported 22 Jun 2024
- origin
- AI Incident DatabaseDerived from the AI Incident Database (CC BY-SA 4.0).
- record
- confidence 0.90 · created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z
Lane, AI role, categories and severity come from the classifier; the OWASP and ATLAS rows are derived from the categories. How these are assigned
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# AI-Enabled Fraud Schemes Increase Consumer Financial Loss https://gcdradar.vercel.app/incidents/ai-enabled-fraud-schemes-increase-consumer-financial-loss · AIR-2024-0022 · closed 2024-07-06 - Lane: Breaches & attacks - Severity: 4 (Confirmed real-world loss) - Fix status: No fix needed - First reported: 2024-06-22 - AI role: AI-enabled attack ## Summary Scammers deployed voice cloning and synthetic IDs to conduct sophisticated fraud operations against bank customers. These attacks resulted in measurable financial losses and identity theft. ## What to do No action recorded; read the sources below and the vendor's advisory. ## Latest updates - 2024-06-22: AI-Enabled Fraud Schemes Reportedly Increasing Consumer Harm and Challenging Detection (https://incidentdatabase.ai/cite/735) ## Sources - 2024-06-22 AI Incident Database: AI-Enabled Fraud Schemes Reportedly Increasing Consumer Harm and Challenging Detection https://incidentdatabase.ai/cite/735 Verify against the vendor's advisory before changing production. Data CC BY-SA 4.0, https://gcdradar.vercel.app.
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