She got a text last week from someone posing to be the CEO of her company, asking her to spend her own money on gift cards he urgently needed.AUSTIN, Texas — Scams are nothing new, but the sophistication fraudsters are using is continually increasing. One woman in Austin was nearly scammed out of her own money after a fake text posing as her CEO was sent to her.
She got a text last week from someone posing as the CEO of her company, asking her to spend her own money on gift cards he urgently needed. "With the advent of AI in all sorts of ways, as we continue to use this technology, it gets better both for us, but it also gets better for those that use it for scamming or fraudulent activity," said Mitchem Boles, a cybersecurity expert based out of Dallas.
"This is an ask that basically is hard to trace, hard to get any kind of money back. And so this is the way fraudsters are working right now to entice and to get people to do it," said Boles.