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Story summary
- AI is reshaping fraud by enabling more sophisticated scams, with about half of scams now using AI tools, including deepfakes.
- Soups Ranjan, CEO of Sardine, warns that AI-generated fraud is set to grow rapidly as scammers create fake identities and clone legitimate websites.
- Experts show that accessible apps can produce convincing deepfakes, and that breached data enables realistic documents to bypass verification, increasing consumer risk despite detection progress.
