Scamming Becomes $422 Billion Business With AI Assistance
Summary
Victims across 42 countries lost an estimated $442 billion last year, according to the Global Anti-Scam Alliance. Artificial intelligence is making scams cheaper, easier to scale, and more convincing.
AI is lowering the cost of fraud while expanding its reach beyond traditional criminal networks.
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AI is turning fraud into a scalable global industry rather than a collection of isolated schemes.