The fine folks over at Noclip are currently undertaking a huge restoration project, digitising hours and hours of gaming-related footage from a forgotten archive of tapes. If you hit up the YouTube channel, where all of this stuff is free to watch, you'll see old video game trailers, footage of cancelled projects, and old E3 press conferences. Sony's memorable E3 2006 presser has already been restored, and now, its presentation from E3 2010 is now available to watch in the best quality possible.
Deepfake Imposter Scams Are Driving a New Wave of Fraud
22.08.2023 - 15:47 / tech.hindustantimes.com / New
Computer-generated children's voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available to criminals preying on everyday consumers.
The proliferation of scam tech has alarmed regulators, police and people at the highest levels of the financial industry. Artificial intelligence in particular is being used to “turbocharge” fraud, US Federal Trade Commission Chair Lina Khan warned in June, calling for increased vigilance from law enforcement.
Even before AI broke loose and became available to anyone with an internet connection, the world was struggling to contain an explosion in financial fraud. In the US alone, consumers lost almost $8.8 billion last year, up 44% from 2021, despite record investment in detection and prevention. Financial crime experts at major banks, including Wells Fargo & Co. and Deutsche Bank AG, say the fraud boom on the horizon is one of the biggest threats facing their industry. On top of paying the cost of fighting scams, the financial industry risks losing the faith of burned customers. “It's an arms race,” says James Roberts, who heads up fraud management at Commonwealth Bank of Australia, the country's biggest bank. “It would be a stretch to say that we're winning.”
The history of scams is surely as old as the history of trade and business. One of the earliest known cases, more than 2,000 years ago, involved a Greek sea merchant who tried to sink his ship to get a fraudulent payout on an insurance policy. Look back through any newspaper archive and you'll find countless attempts to part the gullible from their money. But the dark economy of fraud—just like the broader economy—has periodic bursts of destabilizing innovation. New tech lowers the cost of running a scam and lets the criminal reach a bigger pool of unprepared marks. Email introduced every computer user in the world to a cast of hard-up princes who needed help rescuing their lost fortunes. Crypto brought with it a blossoming of Ponzi schemes spread virally over social media.
The AI explosion offers not only new tools but also the potential for life-changing financial loss. And the increased sophistication and novelty of the technology mean that everyone, not just the credulous, is a potential victim. Covid-19 lockdowns accelerated the adoption of online banking around the world, with phones and laptops replacing face-to-face interactions at bank branches. It's brought advantages in lower costs and increased speed for financial firms and their customers, as well as openings for scammers.
Some of the new techniques go beyond what current off-the-shelf
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Beware of Technical Support Scam! Indian-American fleeced 7,000 people; Protect yourself, check these 5 points
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