The older generations of Americans apparently lost $1.1 billion due to AI-driven fraud schemes in 2022, according to the Senate Committee on Aging. Many of the schemes included AI-generated technology that mimicked the voices of people the elderly know.
Fox News Digital reported that the committee held a hearing on AI scams on Thursday, and Senator Bob Casey published the annual fraud book that drew attention to the most-used scams in 2022.
The committee found that from January 2020 to June 2021, the Federal Bureau of Investigation discovered that individuals had lost $13 million involving grandparent and person-in-need scams. Senator Elizabeth Warren noted that the estimated financial losses are “almost surely an understatement.”
Warren pointed to the vast amounts of individuals who likely do not report the fraud, which likely makes the prevalence of the scheme much higher than the data suggests.Casey called for federal action to be taken to tackle the […]
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