Cyber criminals use AI to supercharge scams, watchdog warns

Financial watchdogs are raising alarms about the escalating threat of cyber scams, with criminals now leveraging advanced AI technologies to enhance their deceptive schemes. Unlike the old model relying on large fraud operations, the new approach involves a smaller number of individuals deploying sophisticated AI models. This shift not only makes scams more personalized and harder to detect but also underscores the urgent need for enhanced cybersecurity measures to protect consumers and businesses alike.