July 3 (Cointime) - Scammers in Australia have been using artificial intelligence (AI) technology to execute sophisticated frauds that deceive individuals into divulging sensitive information and losing money. AI-powered systems can flawlessly imitate the voices of trusted contacts, such as banks or government bodies, making it difficult for people to discern whether they are genuine or fake.

Initiatives are being explored to create AI-detection tools that can identify synthetic content and provide users with transparency regarding the origin and creation of content they receive. It is crucial to prioritize public awareness and education regarding the evolving tactics used by cybercriminals to protect people from falling victim to AI-powered scams.