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General5d ago

AI Bots Steal $264K in Fake Aid Accounts

WBAL-TV1 min brief

In brief

  • AI bots stole $264K in fake aid accounts from Baltimore City Community College.
  • Criminals used AI bots to create 145 ghost students at the college.
  • They stole more than $264,000 in taxpayer-funded financial aid.
  • The thieves applied online with fake identities and submitted bogus assignments to maintain the illusion of enrollment.
  • The college is now taking steps to prevent this type of fraud.
    • It will have a centralized tracking process for potentially fraudulent accounts by October 31st.
  • The school will also establish formal procedures to evaluate suspected fraud cases.
  • The college expects to have new protections in place soon.

Read full story at WBAL-TV

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