Phil Fornaro warns about the rise of sophisticated scams, emphasizing the importance of vigilance, especially with the advent of advanced technologies like ChatGPT. He shares personal experiences of intelligent individuals being scammed and advises against sending Bitcoin or other cryptocurrencies in response to scams. Phil suggests letting unknown calls go to voicemail, verifying emails with colleagues, and having an IT consultant handle cybersecurity issues. He also stresses the importance of cyber insurance and open communication within teams.
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