Red Flags of a Deepfake Scam

By now, everyone has heard of deepfake scams. With the rise of AI, the ability to pose as a trusted partner, business or even family member is a legitimate concern that sends a shiver down your spine.

Generative AI scams can create a fake phone call or even video to impersonate someone in immediate trouble. Gen-AI fraudsters can create deepfake emails so convincing that you drop all defenses to respond to questions or a crisis and turn over all your information.

The healthcare industry is particularly vulnerable to deepfake scams. The reason is simple: healthcare data is a commodity to criminals, and vulnerable systems and overworked personnel make it a prime target for someone trying to steal info and even demand ransomware.

Deepfakes are becoming increasingly sophisticated and harder to detect. Sam Kunjukunju, vice president of consumer education for the ABA Foundation

Now, take a deep breath.

“There’s a lot of buzz about deepfakes,” said Jeff Taylor, head of Commercial Fraud Forensics. “They are still in their early stages but will continue to grow as criminals master the technology.”

The FBI and the American Bankers Association recently teamed on a deepfake scams infographic to help warn you of the threat while providing steps to take to help avoid becoming a victim.

“Deepfakes are becoming increasingly sophisticated and harder to detect,” said Sam Kunjukunju, vice president of consumer education for the ABA Foundation. “This infographic provides practical tips to help consumers recognize red flags and protect themselves from these deceptive schemes.”

Implementing the right controls can help protect you from becoming a victim. Jeff Taylor, head of Commercial Fraud Forensics

At Regions Bank, Taylor emphasizes another tried-and-true measure: STOP, CALL and CONFIRM.

“Having a fraud awareness mindset enables you to think twice about an attack before taking action.” Taylor said. “Implementing the right controls can help protect you from becoming a victim.”

The information presented is general in nature and should not be considered, legal, accounting or tax advice. Regions reminds its customers that they should be vigilant about fraud and security and that they are responsible for taking action to protect their computer systems. Fraud prevention requires a continuous review of your policies and practices, as the threat evolves daily. There is no guarantee that all fraudulent transactions will be prevented or that related financial losses will not occur. Visit regions.com/STOPFRAUD or speak with your Banker for further information on how you can help prevent fraud.