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AI-Powered Scams Cost U.S. $12 Billion in 2023

1/19/2025

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Summary

Story summary

Cybercriminals are leveraging AI to supercharge their scams, leading to a staggering $12 billion in losses in the U.S. in 2023 alone. With tactics like voice cloning and deepfakes, these frauds are harder to spot than ever. Experts urge vigilance: use code words, verify calls, and stay informed to safeguard against these sophisticated threats.

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Story summary

Cybercriminals are leveraging AI to supercharge their scams, leading to a staggering $12 billion in losses in the U.S. in 2023 alone. With tactics like voice cloning and deepfakes, these frauds are harder to spot than ever. Experts urge vigilance: use code words, verify calls, and stay informed to safeguard against these sophisticated threats.