Staying informed about the latest security technologies and fraud prevention strategies is crucial. For businesses, implementing advanced AI-driven security solutions that can detect and counteract fraudulent AI activities is vital. Individuals should practice caution with their personal information online and be sceptical of unsolicited communications, regardless of how legitimate they may appear.

AI algorithms can process vast amounts of data at high speeds, identifying patterns and vulnerabilities in systems that humans might overlook. This efficiency enables fraudsters to execute large-scale scams with precision, targeting numerous victims simultaneously and adapting tactics in real time to avoid detection.

AI-assisted fraud involves using artificial intelligence technologies to automate or enhance fraudulent activities. This can include creating sophisticated phishing emails, mimicking human behaviour in unauthorized transactions, or analyzing large datasets to identify potential fraud targets more effectively.

Use a secure lock screen, never store passwords on your device, regularly update the app, and monitor transaction alerts to detect unauthorised access promptly.

Public Wi-Fi networks may be insecure, allowing fraudsters to intercept data transmitted over the network, including passwords and credit card information.

SIM swap fraud involves scammers hijacking your phone number to intercept OTPs and access your accounts. Prevent it by safeguarding your SIM card details and promptly reporting lost or stolen phones to your carrier.