financial scams
Coverage of financial scams in the Nexus archive.
- Alarm raised over China’s threat to older Americans through drug supply chains
China is perceived as a threat to older Americans through drug supply chains, financial scams, and data privacy, as highlighted in a congressional hearing that labeled it a national security issue. Senator Rick Scott warned about the dependence on China's supply chains compared to past Soviet policies.
- Google says Chinese cybercrime group used its AI in scams
Google sued a Chinese cybercrime network for using its AI system, Gemini, to send financial scams to thousands of Americans. The company accused the group of leveraging Gemini to distribute scams.
- 82pc Pakistanis use AI shopping, finds Visa study
A Visa study reveals 82% of Pakistanis use AI tools for shopping tasks like price comparison and product research, though only 42% trust AI to complete purchases. The study highlights growing adoption of AI in commerce alongside concerns about fraud and trust, with 55% of respondents experiencing financial scams, often on social media.
- AI-Driven Pushpaganda Scam Exploits Google Discover to Spread Scareware and Ad Fraud
Cybersecurity researchers have uncovered an AI-driven ad fraud scheme using SEO techniques and AI-generated content to spread deceptive news stories via Google's Discover feed. The campaign tricks users into enabling browser notifications that lead to scareware and financial scams.
- Elder Fraud Task Force Targets Grandparent Scams
An Elder Justice Task Force in California is collaborating across agencies to combat grandparent scams and other financial fraud targeting older Americans. These scams cost seniors billions of dollars annually, making coordinated enforcement efforts critical to protecting vulnerable populations.