Generative artificial intelligence (AI) is rapidly becoming widespread, simultaneously changing both the methods used in fraud and the way anti-scam efforts are carried out. Fraudsters can now produce highly realistic fake content at lower cost and greater speed, impersonating relatives, friends, supervisors, investment experts, or even government agencies to induce targets to transfer money, disclose sensitive information, or approve high-risk transactions.
A Hong Kong start-up, Transible Lab, which provides digital inspection solutions for property management offices, was recently studied by a student group in an MBA Capstone course. The company’s three co-founders come from backgrounds spanning product design, engineering, and real estate.