About a decade ago a local family experienced a scam that involved a fake kidnapping and also included a fake local court call at the same time demanding an appearance in order to get the two parties off balance.
After the family digested the documentary, we all agreed to create a family word that we only know…. this post served as a great check, and yes all remembered the password…
Fast forward to today, and this password has become even more useful!
Artificial Intelligence (AI) Changes Everything – Impersonations made easily
Over the weekend (2-10-24) Christopher Penn whom we have discussed before, dropped a super You Tube video about AI and passwords…a little over 5 minutes and well worth it, but here are the high points…
Nefarious characters have not surprisingly infiltrated unsuspecting people and businesses (9 days ago Chinese company loses $25 million from AI faked impersonation) a first of its kind impersonation. Don’t think for one minute other characters are not replicating this success at an alarming pace, given this successful theft…
AI has the ability to impersonate people VERY well… voice phone calls, texts, emails and any other form of communication is at risk…
Family members should have a password that only they know…especially somewhat removed family members that may be easier to fool…
Companies should implement a similar secret word or at least a type of secret information that is only known internally…
According to Penn…this is only starting!
Have a Great ” New Family/Business Password” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
