Haywood Talcove, CEO of LexisNexis Risk Solutions' Government Group, tells Fox News Digital that criminal groups, mostly in other countries, are advertising on social media to market their AI capabilities for fraud and other crimes. A criminologist recently unearthed a video of a multibillion-dollar, transnational criminal organization that has been stealing from the U.S. government since the pandemic and selling generative artificial intelligence tools to other criminals, an expert says. The 58-second clip, which was meant for the dark web, opens with a person – who goes by "Sanchez" – covered head to toe in black clothing and speaking behind a black skeleton mask with someone else who appears to be digging a grave behind him. "Yes, I sell Chase bank accounts. Yes, I am one of the first people to sell fake bank accounts four years ago," the man who calls himself "Sanchez" said.

Haywood Talcove, the CEO of LexisNexis Risk Solutions' government division, told Fox News Digital that he believes there will be more than $1 trillion in artificial intelligence-assisted fraud if U.S. doesn't act quickly. America's spending on artifical intelligence in public safety is projected to increase from $9.3 billion in 2022 to $71 billion by 2030, according to a new analysis by the Insight Partners research firm. The projected seven-year boom is expected to be fueled by global and domestic terrorism, a growing need for security training and rising public safety demands coming out of the pandemic, the study says. "From emergency response to disaster prevention, AI has the potential to revolutionize the way we manage crises and protect our communities," according to the study. "Through advanced algorithms, machine learning and predictive analytics, AI can help first responders and public safety officials make more informed decisions, respond more quickly to emergencies and even prevent disasters from occurring in the first place."

Haywood Talcove, CEO of LexisNexis Risk Solutions' government division, told Fox News Digital that he believes there will be more than $1 trillion in artificial intelligence-assisted fraud if U.S. doesn't act quickly. Artificial intelligence smashed the floodgates to unprecedented fraud that could cost taxpayers hundreds of billions, if not $1 trillion, over the next 12 months, an expert told Fox News Digital. Haywood Talcove, CEO of LexisNexis Risk Solutions' government division, which evaluates and predicts risk, said he's already seeing criminals on the dark web using people's faces to steal from government and state agencies. Benefits to America's most vulnerable communities, such as Social Security, Medicare and Medicaid, and unemployment, are ending up in the pockets of criminals and criminal enterprises that are operating all over the world. "Being one of the wealthiest countries in the world makes us a huge target," Talcove said.