Inside AI Policy

April 12, 2024

FTC cites consumer losses as rule on AI fraudsters takes effect

By Rick Weber / April 1, 2024

The Federal Trade Commission says new data shows consumers lost $1.1 billion last year to scams that can use AI-generated content, as a rule banning such activities takes effect today.

“The new data spotlight reveals the five most commonly reported ways that government and business impersonators convince consumers to turn over their hard-earned money: copycat account security alerts; phony subscription renewals; fake giveaways, discounts, or money to claim; bogus problems with the law; and made-up package delivery issue,” the FTC...

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