Mahadees Tech and AI Blogs

We're diving deep into a mind-boggling topic that's got everyone talking. Brace yourselves for a wild ride as we explore the surge in high-tech scams, all thanks to the wizardry of artificial intelligence (AI). Regulators, cops, and the financial world are on high alert, and for good reason. Get ready to uncover a world where cybercriminals are using AI's dark side, projected to drain a colossal $8 trillion in 2023 and skyrocket to a jaw-dropping $10.5 trillion by 2025 – that's more than Japan's economy! Imagine this: crooks armed with AI-generated children's voices and masks fashioned from social media pics. It's a next-gen scam, and it's got cybersecurity experts losing sleep. Lina Khan, big shot at the US Federal Trade Commission, is sounding the alarm. AI is turbocharging fraud, and she's calling for law enforcement to step up. Before AI took center stage, financial fraud was already making wallets lighter. In the US, losses hit a whopping $8.8 b...