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Digital Behavioral Fraud Gets Increasingly Personal


Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance.

Whether through business email compromise (BEC) attacks or account takeover (ATO) scams, the strategies bad actors use to probe human-level vulnerabilities have evolved from easy-to-spot phishing attempts into highly sophisticated operations with the help of today’s future-fit digital tools.

Damian Williams, the United States Attorney for the Southern District of New York (SDNY), unsealed Thursday (June 8) an indictment charging a New York woman with laundering the proceeds of nearly $10 million in BEC scams through fraudulent bank accounts that she and others opened using fake and stolen identities.

The woman’s more than 15 alleged victims should consider themselves fortunate that she was even caught and arrested. Most of the time, organizations and individuals subjected to fraud usually must write off the loss.


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