Schwab Says AI Making Scams Harder to Spot

Cayla Culver, Head of Risk and Controls for Schwab Advisor Services, says fraudsters are using AI to scale traditional scams and spoof the voices of family members. Schwab is pushing for a consistent federal framework for cybersecurity incidents.

• Fraudsters use AI to scale scams and spoof relatives' voices
• Schwab pushes for a consistent federal cybersecurity framework
• Risks affect investors and financial advisors