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Fraud

Scamming Becomes $422 Billion Business With AI Assistance

PYMNTS
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Like many industries, scamming is getting an artificial intelligence-powered upgrade. That’s according to a report Saturday (Oct. 10) by Bloomberg News, citing data from the Global Anti-Scam Alliance estimating victims lost $442 billion across 42 countries last year, more than some valuations for the worldwide cocaine trade. “It’s just gotten so cheap and so easy,” […]

The post Scamming Becomes $422 Billion Business With AI Assistance appeared first on PYMNTS.com .

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