Sen. Jon Husted, R-Ohio, has introduced a new bill that seeks to mitigate the use of artificial intelligence to steal information or money from Americans.
The Preventing Deep Fake Scams Act would establish a task force that would identify measures to safeguard financial institutions from AI-powered fraud and create best practices to protect consumers, Husted’s office said Wednesday.
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Senate Wants to Establish Anti-Financial Crimes Task Force
The proposed legislation assigns the head of the Department of the Treasury to lead the task force. Members will include representatives from the Federal Reserve, the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, reported CyberScoop.
The group will submit its findings to Congress within a year of the bill’s enactment..
AI Use in Fraud
Husted’s office warned that scammers are using AI to generate realistic emails, phone calls and text messages designed to deceive and financially exploit consumers.
“Scammers are using deep fakes to impersonate victims’ family members in order to steal their money. As fraudsters continue to scheme, we need to make sure we utilize AI so that we can better protect innocent Americans and prevent these scams from happening in the first place,” the legislator said in a statement. “My bill would protect Ohio’s seniors, families and small business owners from malicious actors who take advantage of their compassion.”
A companion bill was also introduced in the House of Representatives in February.
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