Interesting report on AI and social engineering from Bloomberg. We enjoyed the details on the massive anti-fraud systems being developed by banks. Plus the tidbit about hacking extensions for Chrome.
But also important, the mention of another frontier in social engineering: Looming battles over where to place legal liability for those scammed by social engineering:
“As fraud gets more sophisticated, the question of who’s responsible for losses is getting more contentious. In the UK, for example, victims of unknown transactions—say, someone copies and uses your credit card—are legally protected against losses. If someone tricks you into making a payment, responsibility is less clear. In July the nation’s top court ruled that a couple who were fooled into sending money abroad couldn’t hold their bank liable simply for following their instructions.”