GCD AI RADAR
incidents/AIR-2024-0024

Cartels Reportedly Using AI to Expand Financial Fraud Operations

AI-enabled attack4 Confirmed real-world lossDeepfake fraudAI phishing / social engineering

Organized crime groups deployed AI to facilitate financial fraud and coerce victims into illegal activities. The operation caused real-world financial loss and human harm.

Details

type
AI-enabled attack
Attackers used AI as a meaningful part of a cyberattack against someone else.
categories
  • Deepfake fraudprimary
    Synthetic voice, video or images used to impersonate people for fraud, extortion or access.
  • AI phishing / social engineering
    Phishing, lures and social engineering produced or personalised at scale with AI.
owasp llm top 10
no entry for these categories
mitre atlas
Both rows are derived from the type and categories (OWASP 2025 edition, ATLAS release 2026.09), not classified per record. How
severity
4 · Confirmed real-world loss
Financial loss, PHI/PII breach, safety impact or regulatory action.
targets
Individuals
incident date
14 Mar 2024
first reported
14 Mar 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.85 · published at or above 0.80; see the methodology
tags
financial_fraud · organized_crime
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-03-14
    Cartels Reportedly Using AI to Expand Operations into Financial Fraud and Human Trafficking
    AI Incident Database · incidentdatabase.ai/cite/725

Titles and links belong to their publishers. The summary above is written by GCD AI RADAR in its own words; data is CC BY-SA 4.0.

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