AI Deepfakes Fuel Multi-Billion Dollar Fraud Wave as Scammers Exploit New Technology
• 1 min read
Security experts warn that deepfake-enabled fraud could reach $40 billion in losses within three years as scammers leverage AI to create ultra-realistic fake videos and voice recordings. The FBI reports cryptocurrency fraud alone exceeded $5.6 billion last year, with deepfake technology playing an increasing role.
Global Law Enforcement Takes Down PopeyeTools: Major Darknet Marketplace for Stolen Financial Data
• 1 min read
U.S. authorities have dismantled PopeyeTools, an eight-year-old darknet marketplace that generated $1.7M from trading stolen financial data and hacking tools. The operation led to three arrests and cryptocurrency seizures, highlighting increased international cooperation against cybercrime.