hacking personal data on a smartphone and on a network

By Dr. Monika Ewa Klein, Dr. Anna Maria Rostomyan and Dr. Ekaterina Safonova 

As the boundaries between traditional and digital artistic expression blurs, the article explores the unique vulnerabilities introduced by technological advancements and the digital landscape. By analyzing recent case studies and notable incidents, we aim to dissect the methods employed by fraudsters to exploit the nuances of both traditional and digital art markets, as well as considering preventive measures both financial and emotional. 

Art has always been revered as a form of expression and a reflection of culture and society. From the Renaissance masters to contemporary artists, their creations have captivated audiences and commanded significant value and they have skilfully created masterpieces which have generated emotions from generation to generation. However, behind the glitz and glamour of the art world lies a darker side: art fraud. In recent years, several high-profile cases have exposed the underbelly of the art market, revealing the extent of deception and manipulation that takes place, even creating AI artifacts that are indistinguishable from human creations. Moreover, since art is also a way of expressing the emotions of the artists, it has also the greatest potential to have an impact on the emotions of the audience. 

Table 1: Different types of fraud and their repercussions on the level of human emotions  

Source: own compilation of the authors of this article (2024) 

As the creative industries continue to evolve and adapt to the digital age, the pursuit of fairness and ethical practices remains an ongoing endeavour. It requires a collective commitment from artists, industry professionals, policymakers, and consumers to create a sustainable and equitable creative ecosystem. 

By conducting thorough due diligence, embracing transparency, supporting artists’ rights, and leveraging technology responsibly, the creative industries can thrive while ensuring fairness, protection, and respect for the value of creative work. Together, we can navigate and mitigate the risks, challenges, and opportunities of the creative industries and foster a future that celebrates creativity and rewards artists and creators fairly.

Read the first part of the article here: https://www.europeanbusinessreview.com/artful-deception-exploring-the-interplay-of-art-fraud-and-emotions/

This article is Part 2 of a two-part series. As the lines between traditional and digital artistic expression blur, it examines the vulnerabilities introduced by technological advancements in the art world. Using recent case studies, it analyzes how fraudsters exploit both markets and considers preventive financial and emotional measures. 

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About the Authors 

Dr. Monika KleinDr. Monika Klein is a movie and design producer, a digital and traditional art collector. Her movies receive awards and recognition all over the world. She has written over 80 articles and books. She specializes in the economics of the creative sector, its impact on regional development, and business models of the creative and cultural sector. She knows everything about design management and service design at the microeconomic level and successfully manages and leads diverse creative projects across cultures, as well as planning and supporting creative sector activities in diverse functional, visual, emotional, and social spheres. 

Dr. AnnaDr. Anna Rostomyan is an assistant professor, international author, researcher, editor, reviewer, speaker, translator, PhD mentor, and certified EI coach. She received her doctorate degree with the highest grade in 2013 in cooperation between the University of Freiburg (Switzerland) and Yerevan State University, Armenia (her alma mater) within the framework of a research grant. As a world-renowned author and scholar of seven books and over 50 publications worldwide, she reaches a readership of around 100 nationalities specializing in the role of emotions and their management in different fields of human activity. 

Dr. EkaterinaDr. Ekaterina Safonova is a distinguished executive leader, consultant, and international academic with 20+ years of expertise in technical sciences, fintech, AI and digital fraud prevention. As the founder and CEO of CS Consulting & Advisory, she advises boards on emerging fraud trends, specialising in cyber resilience and digital fraud prevention. She has created programs, including “Dark Fintech: The Cyber Arms Race” for Cambridge Judge Business School, and “Fraud & Fraud Prevention” for The Payment Association. In 2019, she was named Fintech Leader of the Year by EWPN at Money 20/20 in Amsterdam. 

References 

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