Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

What's The True Impact of #AI Fraud?

Name: What's The True Impact of #AI Fraud?
Uploaded: 2024-05-09T21:37:24+00:00
Duration: 34 s
Channel: Tom Burton
Description: A short excerpt from the YouTube video "What's The True Impact of #AI Fraud?" (created/uploaded by Tom Burton) quoting Joe Smith of Joe's Construction…

9 May 2024 · 1 min

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0:34

A short excerpt from the YouTube video "What's The True Impact of #AI Fraud?" (created/uploaded by Tom Burton) quoting Joe Smith of Joe's Construction. Smith warns that AI-driven fraud can place fraudulent orders (e.g., $50,000 of copper wire to fictitious job sites) and escalate to critical infrastructure threats, mentioning risks to power grids, manufacturing plants, and even governmental facilities.

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Joe Smith from Joe's Construction. A bot is calling a distributor and ordering $50,000 worth of wire. That's cable, you know. Or is a copper wiring going to a fictitious job site. You just deliver it because you do that all the time. And it's now being sold for the value of the copper. Those things, that's the. That's the small issue now. We're talking about power grids that could be impacted, manufacturing plants shut down power to the White House, whatever it might be.