AI-Driven Scams Surge 500%, Experts Urge Countermeasures

AI-enabled scam activities have surged by 500% over the past year, according to witnesses at a recent congressional hearing. Experts highlighted that this increase is complicating the detection of crypto fraud. According to NS3.AI, authorities are being urged to leverage AI technology to combat these sophisticated attackers. One witness proposed that existing laws be reviewed to potentially apply terrorism designation powers to ransomware actors who target hospitals.