Hackers use AI in Tax Fraud Scams

Tax fraud is evolving with the use of artificial intelligence (AI) by hackers. They are employing AI-powered techniques such as identity hijacking to file tax returns under other people's names and redirect the refunds to their own accounts. This alarming trend has been observed on the dark web. AI tax fraud involves stealing Personally Identifiable Information (PII) through phishing scams or malware and creating fraudulent IDs with the victim's details but the scammer's photograph. To combat this, experts recommend implementing …

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