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Chairman’s Corner

As we navigate the complexities of the financial world, this space will serve as our platform to share insights, discuss trends, and explore the policies shaping our economic landscape.

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  • Chairman’s Corner Details

Is Everything on Social Media Fake?

  • May 8, 2024

It is now 2024 and I have found that thanks to the technical advances in media manipulation, nothing is credible anymore.

I have already written about the danger of AI (artificial intelligence) being used to create misinformation for political purposes, but AI is now being used at an alarming rate to scam the elderly and rob the gullible of life savings. What made me cognizant of how terribly advanced the technology is was by trying out an animation app that some young kids suggested I try.

What started as Photoshopping photographs has morphed into wholesale deliberate larceny and corruption. The app I tried was called Dance Face but there are plenty of animation apps available for anybody to download. One downloads a photo and the app animates it to dance.

I did so and was shocked at the way my photo changed into a person that shook her head, laughed and grinned and talked a blue streak. This was not me, but if I forwarded the image to my family they would almost believe it was me. If you are on a social network like Facebook, Instagram or TikTok, do not trust any video you see, especially any that asks you for personal info or credit cards.

Advertisers are using images of well-loved celebrities to hawk their wares and I don’t know how they get away with it.

The latest episode of CBS’s Blue Blood shows the worst possible incident when AI scammers use the voice of police officers to reveal location of key witnesses. AI scammers can access any posted images and voices on the internet and manipulate them for whatever purpose they can. They hide their identities within what is the “dark web” and they cannot be traced and apprehended.

Cyberterrorism is a great threat to the security of our nation, and one would hope that we had sufficient safeguards in place to protect us.

Unfortunately, most of this administration’s actions seem to be focused on preventing Donald Trump from being elected president.

Dare I suggest that the only safeguard to avoid becoming the victim of clever hacking criminals is educating ourselves against them.

Scammers use logos of sites customers frequent and email them queries about their accounts to get access to passwords and security codes. Whenever I get an email from my bank asking me to log in, I check where the email is actually from and even if it does come from my bank, I only login directly to the site itself not on the email.

Every click we make on our keyboard while online is being monitored by somebody, somewhere.

What do you say and suggest be done other than being vigilant?

Come to the Financial Policy Council https://lnkd.in/eZU2UgYd, be a part of decisions that will shape the country’s future & share your thoughts.

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