WASHINGTON, May 14: Cybersecurity agencies issued fresh warnings this week over a rise in sophisticated online fraud targeting banks, payment platforms and cryptocurrency users.
Experts said criminals are increasingly using artificial intelligence tools to create realistic voice cloning and phishing attacks capable of bypassing traditional security systems.
Financial institutions have been advised to strengthen identity verification processes and improve customer awareness campaigns.
Technology researchers warned that cybercrime networks are adapting rapidly to emerging digital tools, creating new risks for global financial systems.