Tag Archives: finance

Love Bandits

AI helps scammers steal thousands from those looking for love online

[from StudyFinds.com]

Photo by ThisIsEngineering on Pexels.com

Artificial intelligence could be targeting you on texts, social media and dating apps.

Some victims lost thousands of dollars to people they thought were real women but turned out to be fakes. The people behind the scheme were stealing their cash and hearts.

“Hey, hey honey, you’re the best,” says a woman who may look real to some, but two security experts say the video is heavily filtered, with unnatural eyes and the chin blending into a neck.

Jim, who asked us to not use his last name, had recently been talking to a woman who convinced him to make an investment.

“And then one day she’s like, ‘Honey, I love you’, and I’m like ‘What?’ and she goes, ‘I have fallen in love with you’. And I said, ‘Well, I’m old enough to be your dad.’ And she said, ‘Well, that doesn’t matter. We have a lot in common,'” he said.

She also sent photos and what appears to be a sketch of herself and Jim together.

Jim initially met her after getting a mysterious text message. He thought they had a friend in common. He said he wasn’t looking to date.

“She goes, ‘I’ve never met anybody to be my equal. You and I have a super lot in common.’ And she’s had an uncle who was on the board for the stock exchange in Hong Kong,” said Jim.

He was convinced to send $60,000 to invest in the stock exchange. He said he lost most of it because the investment tanked. Then, the woman opened up an overseas crypto account in his name, but when Jim tried to take that money out, he was going to be charged thousands in upfront tax fees. Experts say it’s a scam.

“I figured, ‘What the heck, I’ll try somebody online. It couldn’t hurt’. I was wrong, it could,” Jim said.

Another suburban man, also named Jim, was duped by fake photos as well. He asked us not to show his face.

“I’m asked literally everyday by two or three women online, for money,” he said.

He was looking for love online and instead lost thousands of dollars sending gift cards to the people behind these fake and altered photos. He thought the women holding up love messages to him were interested.

“I would say she probably got about $2,000. One day, she got $300 for air fare, $250 for babysitter and $50 for her kids’ game cards or maybe even $100,” he said.

Security and technology experts at Bitdefender and NordVPN studied all of the pictures and videos. They say behind this filtered face could be anyone.

“We miss micro emotions or movements in in the face, so it does, does not feel exactly right,” said Adrianus Warmenhoven of NordVPN.

They confirmed that the pictures and videos are all fake or altered in some way.

“You usually see that hair is not natural. Either it has this halo effect, or it blends into a different color. There are artifacts where the hair meets the background the hair looks little thick,” said Bogdan Botezatu of BitDefender.

Experts also spotted generated faces on bodies and different shaped hands, like the hands holding up those signs saying “I love you, Jim.”

“Those pictures and that handwritten notes which actually were not handwritten,” said Warmenhoven.

The words are likely computer generated. Experts say you should also look for uneven tooth shapes or earrings that look unusual.

“But AI cannot render them symmetrically in a good enough manner. So one of the earrings will be missing, or will have a different size,” Botezatu added.

Dating experts say another red flag is a romance that moves too fast.

“You go from one text to three weeks later or three random texts that they love you, or they want to know more about your family, so they’re taking all your information and kind of calculating how much money you have,” said Lisa Galos of Matchmake Chicago.

Scammers may also be use texting apps instead of a real phone number, so if you meet someone online, try meet in a safe, public place soon after.

“If you really are sincere about dating that person, go from that to let’s meet for coffee, offer three times they can meet, they’re gonna pick one and they’ll show up,” Galos said.

Both men say they’ve learned to never trust strangers with their finances no matter how convincing the stories or pictures may be.

“I’m much smarter than this. And it’s just my desire to have somebody in my life, finally, that made me really do something that was stupid and let somebody take advantage of me, I’ve never done that before,” Jim admitted.

AI scammers may also use endearing terms like “babe” and “honey” instead of your real name, because they are using the same messages for multiple people.

Unfortunately these types of romance scams, with or without AI, have gotten worse. Recent numbers from the Federal Trade Commission shows $1.3 billion was lost in 2022.




Random Hacks

The Internet was full of interesting tips this week!

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7 ways to prevent (and fix!) smelly shoes

1. Start with clean feet: Soak them in salt water, then dry off and dust with talcum powder (baby powder or Gold Bond).

2. Put antiperspirant on the soles of your feet.

3. Sprinkle the inside of your shoes with baking soda and leave overnight. Vacuum or shake out in the morning.

4. Place dry tea bags inside your shoes and leave them overnight.

5. Put crumpled newspaper inside your shoes and leave overnight. It absorbs odor-retaining moisture.

6. Place your shoes in individual plastic zip bags and leave them in your freezer overnight to kill bacteria. During the winter, leaving them overnight in a cold car will work too. Let your shoes slowly return to room temperature before wearing.

7. Spritz sneakers or fabric-lined shoes with mixture of water and white vinegar. Let dry thoroughly.

 

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5 steps to relaxation

1. Place the tip of your tongue just behind your front teeth and exhale sharply.

2. Close your mouth and inhale slowly through your nose for a count of four.

3. Hold your breath for a count of seven.

4. Exhale strongly to a count of eight.

5. Repeat 3 times. Ahhhhh.

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17 ways to save money

  1. Clear your browsing history. When shopping online – especially for airline tickets – make sure to empty your cache. Online companies follow your history and raise prices based on this information.
  2. Shop as a guest. When buying online, use the Guest option instead of creating an account. New customers usually get lower prices.
  3. Leave items in your online cart. Get everything filled in, with your name, e-mail address etc., but don’t purchase immediately. You’ll often get a follow-up e-mail a day or two later offering a discount code to incentivize you to complete the sale.
  4. Lower the brightness on your TV and computer screen. Reducing the brightness of your TV and/or computer monitors from their default settings can reduce power consumption by up to 40%. 
  5. Carry large bills. Research shows that you’re likely to pay less if you use cash instead of a credit card. That’s because purchases feel more “real” when you see the amount you’re spending. If you carry only $50 bills you’ll be less inclined to break them, which helps avoid impulse buys.
  6. Make lists. You’re also less likely to succumb to impulse buys at the mall or grocery store if you’ve decided ahead of time what you need and plan to buy.
  7. Build your credit. Your credit score determines your rate on loans; nowadays utility and insurance companies use these scores to calculate monthly premiums.
  8. Make large purchases at the end of the month. Buying a couch, car or electronics? All sales reps have to meet monthly quotas. If they’ve had a slow month they may be willing to give you a deep discount in order to make a sale—and reach their quota. 
  9. Paint your roof white. If you live in a warm climate, this quirky idea could save you a bundle on air conditioning bills. Traditional roofs are dark, and dark colors absorb more heat.  Go even further and install solar panels – the upfront cost will be worth it if you plan to live in your house for a long time.
  10. Brew your own coffee. Home brewing cuts your cost to about $0.25 per cup vs. $3 at a pricey coffee shop, saving you hundreds per year (and over $1000 if you have a 2/day habit!) 
  11. Eat less meat. Eating vegetable-centric meals 2-3 times per week will save you some major cash.
  12. Buy generic. Store brands often have the same ingredients as name brands and may even be made by the same companies. Same with prescriptions – ask your doctor if the generic version is an effective option. 
  13. Buy a water filter. Bottled water isn’t just expensive; it’s not necessarily healthier than tap water. The filtration process may result in water that’s actually better for you than spring water!
  14. Exercise daily. Research confirms that working out regularly limits the number of trips you’ll take to the doctor’s office.
  15. Eat out at culinary schools. If you love dining out, investigate culinary schools in your area. You can enjoy delicious meals from up-and-coming chefs at significant savings vs. restaurants.  
  16. Stay hydrated. Many people overeat because they mistake thirst for hunger. Drinking water before a meal will help you to only consume what you need. Result: lower grocery bills!
  17. Ask for discounts. Most companies offer money-saving promotions but may not advertise them. When contacting your cable, gas, phone, or credit card companies, ask if there’s a way to reduce your bills. Sometimes, mentioning that you’re ready to cancel a service or switch providers is all it takes for them to “magically” come up with a better deal.