SCAM OF THE WEEK: Is ChatGPT Your Next Financial Advisor?

ChatGPT, an artificial intelligence (AI) chatbot created by OpenAI, has risen in popularity since its release last year. Now, cybercriminals are using ChatGPT’s popularity to lure you into phishing scams. In one of these scams, cybercriminals try to trick you with a fake new ChatGPT feature.

The scam starts with a phishing email informing you that ChatGPT has a new feature to help you invest in the stock market. If you click the link in the email, you’ll be taken to a spoofed ChatGPT website and prompted to enter your contact information. Then, a representative will call you and request that you submit a payment to open your investment account. Unfortunately, if you submit a payment, that money won't help you invest in the stock market. Instead, cybercriminals will steal it to invest in their own malicious pursuits.

Follow the tips below to stay safe from similar scams:-\

• Before you click a link, hover your mouse over it. Make sure that the link leads to a legitimate, safe website that corresponds with the content in the related email.

• Be cautious of unexpected investment opportunities. Remember, if something seems too good to be true, it probably is!

• Never submit payments to a bank account provided in an email, text message, or phone conversation. Instead, navigate to the organization’s official website to submit a secure payment.

For more information about IT and cybersecurity services for small and medium businesses or to schedule a free initial consultation with no obligation for your business, contact ORAM Corporate Advisors now at (617) 933-5060.