Americans lose millions of dollars to online tax scams, McAfee study reveals

As tax season reaches its peak, a new study by McAfee sheds light on the alarming rise of online tax scams in the US. The 2024 Tax Scams Study, which surveyed 2,500 American adults, reveals that a staggering 25% have fallen victim to these scams, with losses running into thousands and even tens of thousands of dollars. The study highlights the growing sophistication of cybercriminals who are now leveraging artificial intelligence to craft more convincing scams. AI-powered messages, deepfake videos, and AI-generated audio are becoming increasingly common tools in the scammer's arsenal. Despite these advancements, the study found that less… [Continue Reading]