‘Convincing’ AI scams drove UK fraud cases to record 444,000 last year

Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas Criminals are increasingly exploiting AI technology to take over people’s mobile, banking and online shopping accounts, the UK’s leading anti-fraud body has warned. Last year, a record number of scams were reported to the national fraud database, fuelled by AI, which allows for large-scale deception on “industrialised” levels, according to Cifas, the fraud prevention organisation. ...

By Shane Hickey