UIUC’s team used OpenAI’s API to build an AI scam agent capable of impersonating businesses to steal data.
These AI scams operate at as little as $0.75 per attempt, making them cost-effective and scalable.
The AI agent was able to simulate scams like unauthorized crypto transfers and bank account access.
1. This research emphasizes the need for safeguards from phone providers, AI developers, and regulatory bodies.