• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

The tricks of the deepfake trade

Fraudulent candidates now use a range of generative AI tools to scam their way through nearly every part of the hiring process.

AI can fabricate photo IDs, generate polished LinkedIn profiles and even simulate real-time answers in video interviews. Some scammers use remote desktops to route their traffic through the U.S., making it appear as if they’re logging in from within the country.

These scammers aren’t just stealing jobs. Once hired, imposters can install malware, steal sensitive customer data or divert money to foreign adversaries — like North Korea.

“Every time we list a job posting, we get 100 North Korean spies applying to it,” said Lili Infante, CEO of CAT Labs, a Florida-based startup related to cybersecurity and cryptocurrency.

The U.S. Justice Department alleges that 300 American companies hired people linked to the North Korean regime. The department says the workers stole American identities to get remote IT jobs and then funneled million to North Korea.

Invest in real estate without the headache of being a landlord

Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in minutes.

Learn More

How AI imposters are affecting the job market

The rise in fake applicants doesn’t just pose a cybersecurity threat. It could slow down hiring across the board.

The cost of Legitimate candidates face longer wait times as companies are forced to double-check résumés, verify identities, and flag suspicious activity. These delays drive up costs.

Some companies are turning to third-party verification services like Jumio, Socure, and iDenfy. Others, like Pindrop, are developing in-house video authentication tools.

But as deepfake and identity-masking tools improve, experts warn the problem may get worse before it gets better.

The research and consultancy firm Gartner predicts that by 2028, one in four job candidates globally will be fake.

“Folks think they’re not experiencing it,” said Ben Sesser, CEO of BrightHire, an HR tech company, “but I think it’s probably more likely that they’re just not realizing that it’s going on.”

Sponsored

Meet your retirement goals effortlessly

The road to retirement may seem long, but with Advisor, you can find a trusted partner to guide you every step of the way

Advisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Danielle Antosz Freelance contributor

Danielle Antosz is a business and personal finance writer based in Ohio and a freelance contributor to Moneywise. Her work has appeared in numerous industry publications including Business Insider, Motley Fool, and Salesforce. She writes about financial topics that matter to everyday people, including retirement, debt reduction and investing.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.