<ul><li>Fraudsters are using the hype of new technology, specifically artificial intelligence (AI), to commit fraud on consumers.</li><li>The Federal Trade Commission (FTC) took enforcement action against five companies that use AI hype or sell AI technology that can be used in deceptive and unfair ways.</li><li>Fraudsters are promising big monetary rewards through the use of AI, but are unable to deliver on their promises, defrauding consumers out of millions of dollars.</li><li>Consumers are advised to stay alert of claims that sound too good to be true, especially if they are required to pay any money upfront to benefit from AI.</li></ul>

Privacy Tip #414 – Beware of Fraud Schemes Promising Big Monetary Rewards from AI

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