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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KPMG Report Allegedly Included Hallucinated Citations and Inaccurate Agentic AI Case Studies
2025-10-28
In October 2025, KPMG published "Total Experience: Redefining Excellence in the Age of Agentic AI." GPTZero later reported that only five of 45 citations accurately matched their sources, while others contained flawed details. The pattern reportedly suggested an unverified LLM research tool, but the system and extent of AI involvement remain unconfirmed.
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Purported AI Impersonations of Executives Allegedly Helped Defraud Companies Worldwide of About $129 Million
2024-10-08
Federal prosecutors in New York alleged that a fraud ring used AI to mimic executives' voices and sometimes their images on calls with company employees. Accomplices posing as lawyers then directed employees to wire money for sham transactions. The indictment attributes about $129 million in losses worldwide to the scheme, including about $4.83 million from a Missouri hospital system.
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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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