The surge of Artificial Intelligence (AI) scams targeting seniors has become a concerning issue, with fraudsters using increasingly sophisticated methods to defraud their victims. These scams exploit the vulnerabilities of older adults who may be less tech-savvy and more susceptible to such threats.
Types of AI Scams
Among the most prevalent scams are:
- Voice Cloning Scams: Fraudsters use AI to clone a loved one’s voice, typically a grandchild, pretending to be in distress and requiring immediate financial aid.
- Romance Scams: An attractive younger individual initiates a professional or romantic relationship with the senior, gaining their trust before stealing their money through fake bank deposits or trades.
- Ransom Calls and Fake Government Collections Notices: Scammers create life-like images and voices that resonate with the target’s location, engaging them in a video “date”, gaining their trust, and then asking for money.
- AI-Powered Phone Scams: Scammers employ AI to mimic the voices of loved ones convincingly, tricking victims into parting with their cash.
These scams could cost victims an estimated $100 billion over the next 18 months.
Senate Committee Hearing on AI Scams
On Thursday, U.S. Senate Special Committee on Aging Chairman Bob Casey (D-PA) held a hearing titled, “Modern Scams: How Scammers Are Using Artificial Intelligence & How We Can Fight Back.” The hearing scrutinized how scammers utilize AI to deploy scams and convince targets of their authenticity.
Chairman Casey unveiled the Aging Committee’s annual Fraud Book at the hearing and also released a brochure on AI-powered scams and a bookmark featuring tips to avoid scams. He plans to ensure the Federal Trade Commission (FTC) appropriately tracks the use of AI in scams.
“We heard disturbing testimony about scammers using artificial intelligence to make their ploys more life-like and convincing,” said Chairman Casey. “Federal action is needed to protect consumers from AI—while also empowering those that can use it for good.”
Among the witnesses at the hearing was Gary Schildhorn, a Philadelphia-area attorney and intended victim of an AI voice clone scam. He testified, “There was no doubt in my mind that it was his voice on the phone—it was the exact cadence with which he speaks. How did they get my son’s voice? The only conclusion I can come up with is that they used artificial intelligence, or AI, to clone his voice.”
The hearing highlighted the need for increased awareness and stronger measures against AI scams targeting seniors. It is crucial for both authorities and families to stay vigilant and informed about these evolving threats to protect our most vulnerable populations.
The full video can be viewed here.
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