AI & Machine Learning
'Ghost Students' using AI to apply for student loans with stolen identities, DOJ's Operation Ghostbusters busts $200 million ring
Fraudsters are using the identities of high school graduates who skipped college to apply for student loans and steal the excess proceeds that do not go to schools. They use AI to keep the charade going and make it seem like the fake student is actually going to class.
Fraudsters are using the identities of high school graduates who skipped college to apply for student loans and steal the excess proceeds that do not go to schools. They use AI to keep the charade going and make it seem like the fake student is actually going to class.
This is a summary of the story. Read the full article at Tom's Hardware (Computing & Hardware) ↗