• Beware the Rise of AI-Powered Scams: Top 5 Scams to Watch Out for in 2025

  • Jan 13 2025
  • Length: 3 mins
  • Podcast

Beware the Rise of AI-Powered Scams: Top 5 Scams to Watch Out for in 2025

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  • Summary

  • Hey there, folks It's Scotty here, your go-to expert on all things scams, cyber, and hacking. Let's dive right into the latest scams making headlines.

    First off, NAB has identified the top five scams to watch out for in 2025. These include AI-powered scams, cryptocurrency investment scams, bucket list scams, remote access scams targeting businesses, and phishing scams[1]. Yes, you heard that right - AI-powered scams are on the rise, with criminals using deep fake videos and images to impersonate high-profile Australians. Just three seconds of audio or an image from social media is enough for these scammers to get to work.

    But let's not forget about the old-school scams that are still causing trouble. In Martin County, Florida, a new twist on an old scam has been making the rounds. Scammers are using pop-up messages disguised as coming from trusted security companies like McAfee to trick victims into handing over cash. The scam involves a fake tech agent walking the victim through steps to "fix" a non-existent issue, only to have a "courier" show up at their doorstep to collect the cash. Luckily, Martin County deputies were able to catch one of the scammers, 39-year-old Satish Kumar from California, who admitted to being part of an international scam operation based in India[2].

    And then there are the social media ad scams. A recent AARP survey found that more than a third of U.S. adults who made purchases from social media ads have experienced fraud. To avoid these scams, remember to retype the address into your browser or use the retailer's app, read reviews and research the company, and inspect product quality before making a purchase[3].

    But what about those text message scams? New York Attorney General Letitia James recently filed a lawsuit to recover $2.2 million worth of cryptocurrency stolen from New Yorkers and victims across the country in a remote job scam. The scammers sent text messages offering fake online job opportunities that required victims to purchase and deposit stablecoins into digital wallets. One New York victim was defrauded out of over $100,000[4].

    And finally, let's talk about the big ones. A 24-year-old man from the Netherlands was arrested for allegedly scamming 300 people out of millions of dollars in a crypto scam. The man, who was falsely known as a "crypto genius," made risky crypto bets with his clients' funds and eventually lost between $1.5 million and $4.5 million euros[5].

    So, what can you do to avoid these scams? First, be cautious of any unsolicited messages or calls that ask you to act quickly. Verify the information with a trusted family member or third party before taking any action. And remember, if it sounds too good to be true, it probably is. Stay safe out there, folks!

    That's all for now. Stay tuned for more updates on the latest scams and how to avoid them. And remember, I'm Scotty, your go-to expert on all things scams, cyber, and hacking. Stay safe and keep it techy
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