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Home/Briefs/consumer protection

BriefApril 17, 2026 · 01:11 AM

AI Impersonation Tools Shift Investment Scams to $5 Billion Loss Threshold

Consumers reported losing $12.5 billion to scams. More than $5 billion of that total was lost to investment scams. Job scams cost consumers $750 million. Online shopping scams resulted in losses over $16 million. These losses are driven by scammers scammers using AI technology to impersonate impersonate others through fake voices, photos, and videos. AI acts as a microtargeting tool, allowing scammers to personalize messages to convince people to hand over money.

Sam Hastings

consumer protectionartificial intelligencefinancial fraud

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