FTC Warns of AI-Related Scams and Announces Enforcement Plans
The Federal Trade Commission has issued a report warning about the use of artificial intelligence to combat online problems and announced plans to ramp up enforcement against illegal bribes and rebate schemes
The Federal Trade Commission has issued a warning about scams related to artificial intelligence, cautioning consumers to be vigilant against fraudulent activities. As part of its efforts to protect consumers, the FTC has announced plans to ramp up enforcement against illegal schemes, including those that block patients' access to competing lower-cost drugs, as seen in the recent FTC Reaches Settlement with Caremark in Antitrust Case. The agency's warning comes as it continues to track scam and fraud trends in the US, with data available on its website, ftc.gov, including through its press releases, which provide updates on the agency's enforcement actions. This move is part of a broader effort to combat trade fraud, similar to the work of the Trade Fraud Task Force Recovers Over $1bn, and to extend oversight to big cloud providers, as seen in the UK Regulators Extend Oversight to Big Cloud Providers case.
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