The Dark Side of AI

We are seeing AI submit fraudulent invoices to our AP department, they are mimicking legitimate vendors and replicating their invoices. The only way we can tell is that the invoice includes either wire transfer or ACH payment options, and sometimes the English is a little off.

I am hearing and reading of AI scams from just about every industry.

Now, it appears that AI is being used to register for college, get financial aid, and then disappear:

https://www.yahoo.com/news/ghost-students-hijacking-millions-colleges-112700195.html

Ghost’ students are hijacking millions from colleges—and locking real human students out of classes

• Scammers disguised as thousands of fake students are flooding colleges across the U.S. with enrollment applications. The “students” are registering under stolen or fabricated identities, getting accepted to schools, and then vanishing with financial aid and college-minted email addresses that give the fraudsters a veneer of legitimacy.
  
  Ghost students
  Across America’s community colleges and universities, sophisticated criminal networks are using AI to deploy thousands of “synthetic” or “ghost” students—sometimes in the dead of night—to attack colleges. The hordes are crammingthemselves into registration portals to enroll and illegally apply for financial aid. The ghost students then occupy seats meant for real students—and have even resorted to handing in homework just to hold out long enough to siphon millionsin financial aid before disappearing.
  
  The scope of the ghost-student plague is staggering. Jordan Burris, vice president at identity-verification firm Socure and former chief of staff in the White House’s Office of the Federal Chief Information Officer, told Fortune more than half the students registering for classes at some schools have been found to be illegitimate. Among Socure’s client base, between 20% to 60% of student applicants are ghosts.
  
  “Imagine a world where 20% of the student population are fraudulent,” said Burris. “That’s the reality of the scale.”