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The usage of platforms like Cash App, Zelle, and Venmo for peer-to-peer payments has experienced a significant surge, with scams increasing by over 58%. Additionally, there has been a corresponding rise of 44% in scams stemming from the theft of personal documents, according to IDIQ.
AI voice technology
The report also highlights the rise of AI voice scams as a significant trend in 2023. AI voice technology enables scammers to create remarkably realistic voices and convincingly imitate family members, friends and other trusted individuals.
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