Fraudsters are increasingly using government impersonation fraud to deceive and exploit individuals. This form of scam involves criminals posing as officials from trusted government agencies to pressure victims into providing personal information or money. According to the Federal Trade Commission (FTC), over 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. These scams rely on fear, urgency, and the authority of government entities to manipulate targets, making them both effective and dangerous.
TAGS:
Cyber Security,
cyber attacks,
fraud,
impresonation,
cybercriminals,
Scams,
money,
finance,
government,
taxes,
Social Security,
AI,
artificial intelligence,
cyber attacks,
The role of the Chief Financial Officer has been stretched, reshaped, and redefined. Gone are the days of the finance chief as a retrospective scorekeeper. Today, in a landscape of economic ambiguity and rapid technological disruption, the CFO is a forward-looking strategist and a critical partner to the CEO. As a recent CFO.com survey highlights, 82% of finance leaders report facing increased responsibilities over the last five years, expanding into corporate strategy, risk management, and digital transformation. In this demanding new environment, having the right answers is secondary to asking the right questions.
TAGS:
CFO,
CFO strategy,
Business Challenges,
finance,
AI,
automation,
environmental impact,
social impact,
csr,
financial risk management,
As Artificial intelligence advances, and one of its most concerning applications is deepfake technology. According to Cyber Defense Magazine, the number of deepfake videos online has surged at an alarming annual rate of 900%. Originally a novelty for entertainment, deepfake voices are now being weaponized for fraud. Criminals are using AI to replicate voices with stunning accuracy, allowing them to impersonate real people and deceive unsuspecting victims.
TAGS:
Deepfake,
Cyber Security,
cybercriminals,
Small Business,
Fraud,
artificial intelligence,
cyber attacks,
Scams,
AI,
Cyber Defense,
Deepfake Scams,
Embracing technological advancements can be essential for growth, efficiency, and competitiveness in today’s business landscape. Generative AI has emerged as a game-changer, enabling businesses to automate content creation, enhance customer engagement, and streamline operational processes. According to the U.S. Chamber of Commerce, 98% of small businesses leveraging AI tools are experiencing significant benefits, with generative AI now used by 40%. These tools are empowering even the smallest companies to excel beyond their limits by scaling their capabilities.
TAGS:
Technology,
small business,
Tech Stack,
AI,
artificial intelligence,
Business Growth,
IoT,
cloud computing,
marketing,
data analysis,
The rise of digital transactions has led to an increase in opportunities for financial fraud, as fraudsters constantly develop new tactics. According to American Banker, there were 1.1 million consumer complaints about fraud during the first half of 2024. Artificial intelligence (AI) provides faster and more accurate solutions, improving banks' and other institutions' ability to detect fraudulent activity in real time.