AI & Finance News ・ 🏦 Banks

Police arrest two suspects in AI-powered bank fraud that cost victims €380,000

NL Times · 10/21 19:10 UTC

Rotterdam police arrested two suspects accused of a new form of bank-helpdesk fraud. The operation allegedly caused around €380,000 in losses for 170 victims in just three weeks. The suspects allegedly used AI-generated phone calls and a fake banking app to copy victims' bank cards remotely, allowing accomplices to withdraw thousands of euros.

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