AI Scams are WILDIN' in Canada: Don't Get Finessed 💀

AI tools increasingly used to defraud Canadians, report shows. Okay, so listen up, fam. AI scams are blowing up in Canada. Deepfakes are getting too real, and they're tryna finesse your bank account. Banks, telcos, and cybersecurity peeps are teaming up to fight back, but you gotta stay woke. Only 2

TL:DR

Okay, so listen up, fam. AI scams are blowing up in Canada. Deepfakes are getting too real, and they're tryna finesse your bank account. Banks, telcos, and cybersecurity peeps are teaming up to fight back, but you gotta stay woke. Only 2% of businesses are seeing bread from AI, so it's all kinda sus rn.

The Deets

No cap, Canada's having a major ick with AI rn. Fraudsters are straight-up abusing AI tools like voice and video generators to pull off some seriously sus scams. We're talkin' deepfakes galore, cloning voices, and impersonating everyone from CEOs to your own grandma. It's a whole mess.

These deepfake scams are getting so advanced, they're even foolin' biometric authentication. Like, your face ain't even safe anymore! And the worst part? They're hitting Canadians where it hurts – their wallets. People are losing serious 💰 because of this.

The criminals are out here using deepfakes to pretend to be CEOs, family, and all that. They also make it sound urgent so people jump to it quick. But the receipts show that scams are getting harder to spot cause the tech is getting better. You can make a whole deepfake with a super short clip of someone's voice.

But it's not all doom and gloom, bestie. Banks, telcos, and cybersecurity wizards are joining forces to clap back at these scammers. They're dropping knowledge bombs with educational campaigns and cooking up new tech to detect AI-generated BS. And word is that Canada is tryna figure out a new national AI strategy. We'll see what they do.

Now, here's the tea: Even AI can't always spot AI. Tools like ChatGPT and those AI detectors? Kinda unreliable when it comes to ID'ing deepfakes and other AI-generated content. So you gotta stay extra vigilant out here.

In other news, most Canadian companies aren't even making that bread from AI investments. Like, only 2% are seeing a return! Apparently, most companies are just testing the waters instead of going all-in. But most CEOs plan to drop 10-20% of their budget on AI, so we'll see if the bag comes later.

Abbreviations Glossary

Abbreviation Full Form
No cap Seriously, for real.
Wildin' Acting crazy, out of control.
Finessed Tricked, scammed.
Sus Suspicious.
Ick Problem, annoying thing.
Receipts Proof, evidence.
Tea Gossip, news.
BS Bullshit, lies.
Bread Money.

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