Haywood Talcove, CEO of LexisNexis Risk Solutions‘ Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities, Fox News reported Tuesday. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has […] More

Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has been providing generative AI capabilities to other criminals. More

Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group, said international criminal groups from countries including Russia, Nigeria and China are using generative artificial intelligence to commit fraud and other illicit activities. Talcove cited a recently uncovered fraud-for-hire commercial posted on the dark web by a multibillion-dollar criminal organization that has been providing generative AI capabilities to other criminals. More

Haywood Talcove, CEO of LexisNexis Risk Solutions’ government business, warned that financial cybercrimes exploiting artificial intelligence are not imminent but already taking place, CNBC News reported Wednesday. He noted that a new task force created by the Social Security Administration’s Office of the Inspector General to study AI is lagging behind criminal acts targeting government […] More

Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions, said criminals can take advantage of artificial intelligence algorithms, particularly generative AI, to perform fraud across several sectors and that government agencies should acknowledge the threat posed by AI tools to their organizations and entitlement programs. Talcove wrote in an opinion piece published Monday […] More

Artificial intelligence-driven scams could defraud up to $100 billion from older adults in the next 18 months unless action is taken to educate such victims about the risks of the technology, Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions told MarketWatch. He warned that romance scams, ransomware and fake government agency notifications […] More

Haywood Talcove, CEO of the government group at LexisNexis Risk Solutions, has joined other experts in raising concerns about using artificial intelligence to carry out financial fraud, Yahoo Finance reported. Talcove said the use of AI in financial fraud activities is what finance experts call “crime 3.0,” citing the technology’s ability to evade detection. “The […] More

A new report by the Identity Theft Resource Center and LexisNexis Risk Solutions has found that 63 percent of surveyed government officials said their agencies have gone back to pre-pandemic levels of identity-related benefit fraud. The IDentification in a Post-Pandemic World Report covered responses from 986 government executives, general consumers and self-identified identity crime victims […] More

The evolving sophistication of artificial intelligence-activated deep fake videos signifies how valuable digital identities have become, Haywood Talcove, CEO of LexisNexis Risk Solutions’ government division, told CBS 17 News. He warned that AI deep fakes are increasingly being used by criminals to steal consumers’ financial assets, and could even beat biometric security tools in the […] More

Haywood Talcove, CEO of the government business at LexisNexis Risk Solutions, warned that transnational criminals are using new technological scams to commit financial fraud. He told GOBankingRates in an interview posted Wednesday that the U.S. government lost “hundreds of billions of dollars” to pandemic-related fraud due to accessible personally identifiable information on the dark web […] More

The White House has presented a $1.6 billion proposal to counter systemic pandemic fraud and support measures to prevent identity theft. The Pandemic Anti-Fraud proposal is composed of three parts and the first one seeks to spend $600 million on efforts to investigate and prosecute those involved in systemic pandemic fraud, the White House said […] More

Haywood Talcove, CEO of the government business at LexisNexis Risk Solutions, said money lost to fraud represents taxpayer dollars that are being directed to domestic and foreign cybercriminal groups and the U.S. government should act now by adopting best practices and technologies the private sector implements to counter fraud in the public sector. “It is […] More