Financial institutions
Incidents Harmed By
Incident 10375 Report
Microsoft Reportedly Blocks 1.6 Million Bot Signup Attempts Per Hour Amid Global AI-Driven Fraud Surge
2025-04-16
Between April 2024 and April 2025, Microsoft reportedly blocked 1.6 million bot signups per hour and disrupted $4 billion in fraud attempts linked to AI-enhanced scams. The company's Cyber Signals report details how generative AI is being used to fabricate realistic e-commerce sites, job offers, customer service bots, and phishing lures. Fraud actors now automate mass-deceptive campaigns with fake reviews, deepfakes, and cloned brand domains at unprecedented scale and speed.
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Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud Scheme
2024-08-23
A real estate scam is reported to have used AI-generated phishing emails to impersonate a title company lawyer, tricking homebuyer Raegan Bartlo into wiring $255,000 to a fraudulent account. The emails were alleged to be convincing, with no grammatical errors or tone issues. Bartlo recovered part of the funds but lost $112,000.
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