Authorities Warn of AI Being Employed by Scammers to Target Canadians

As the usage of artificial intelligence (AI) grows, fraudsters employ it more frequently in their methods, and Canadians are taking note. According to the Royal Bank of Canada’s (RBC’s) annual Fraud Prevention Month Poll, 75% of respondents are more concerned with fraud than ever before. Nine out of 10 Canadians feel that the use of AI will boost scam attempts over the next year (88%), thereby making everyone more exposed to fraud (89%).

As per the survey, 81 percent of Canadians think that AI will make phone fraud efforts more difficult to identify, and 81 percent are worried about scams that use voice cloning and impersonation techniques.

“With the recent rise in voice cloning and deepfakes, fraudsters are able to employ a new level of sophistication to phone and online scams,” stated Kevin Purkiss, vice president, Fraud Management, RBC. “The good news is that awareness of these types of scams is high, but we also need to take action to safeguard ourselves from fraudsters.”

The study also discovered that phishing (generic scams via email or text), spear phishing (emails or texts that appear

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