Hacking Humans
Navigating dark waters and deceptive currents.
Aug 15, 2024
Maria Varmazis, an experienced host of the T-Minus daily space show, joins Dave and Joe to discuss the alarming world of scams. They dive into a chilling tale of a gold bar scam that cost a woman over $789,000. The trio explores the ethical concerns of using children's images for AI training via a social media platform called Bluesky. Furthermore, they dissect the ineffectiveness of major banks in combatting Zelle fraud and share an FTC warning on scams promising to clear negative credit report details. It's a wild ride through the murky waters of digital deception!
40:36
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Quick takeaways
- Regulators are investigating major banks' inadequate handling of Zelle scams, revealing a troubling drop in refunded scam losses from 62% to 38%.
- Concerns are raised over the ethical implications of micro jobs requesting children's images for AI training, posing risks to minors' safety and privacy.
Deep dives
Investigating Bank Handling of Zelle Scams
Regulators are examining how major banks manage scams involving the digital payment platform Zelle. A concerning trend shows that the percentage of refunded scam losses has dropped significantly, from 62% in 2019 to only 38% in 2023. This decline has prompted the Consumer Financial Protection Bureau to scrutinize banks for potentially failing to adequately address fraud incidents and user complaints. The investigation aims to enhance consumer protection measures and ensure that banks prioritize customer care over shareholder profits.
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